Guideline Value for Periyar Street

Periyar Street guideline value

The current guideline value of Periyar Street in Perungalathur village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Class III Type - I.

How the guideline value of Periyar Street has changed

The guideline value for Periyar Street has seen several revisions over the years. In 2007, the figure was Rs 300 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, this value decreased to Rs 1,206 per sq.ft in 2017. The 2023 revision saw a rise to Rs 1,800 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value for Periyar Street has increased by 560%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, indicating that Periyar Street's 2024 figure is below this median.

• Periyar Salai: Rs 1,980 per sq.ft (2024)
• Periyazhvar Theru: Rs 1,980 per sq.ft (2024)
• Perumal Koil Street: Rs 1,980 per sq.ft (2024)
• Perumal Road: Rs 2,640 per sq.ft (2024)
• Perumal Theru: Rs 1,980 per sq.ft (2024)
• Peruratchi Mandra Theru: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Periyar Street?

The Sub Registrar Office that covers Periyar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perungalathur

The guideline value is a critical factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. Therefore, understanding the guideline value is essential for accurate financial planning in real estate transactions.

Frequently asked questions

What is the current guideline value of Periyar Street?

The current guideline value of Periyar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Periyar Street has changed from Rs 300 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What is the registration office for Periyar Street?

The registration office for Periyar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Periyar Street?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, a property with a guideline value of Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.

What is the land classification for Periyar Street?

Periyar Street is classified as Residential Class III Type - I, which is important for determining the applicable guidelines and regulations for property transactions in the area.