Guideline Value for Periyathambi Naicker St (Ward-10)

Periyathambi Naicker St (Ward-10) guideline value

The current guideline value of Periyathambi Naicker St (Ward-10) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Periyathambi Naicker St (Ward-10) has changed

The guideline value for Periyathambi Naicker St has undergone several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 1,500 per sq.ft. This was followed by a decrease in 2017, where the value dropped to Rs 1,005 per sq.ft. In 2023, the value increased significantly to Rs 1,500 per sq.ft, and the most recent revision in 2024 has raised it further to Rs 1,600 per sq.ft. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 7%, highlighting the fluctuations in the guideline value over the years.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which matches the 2024 figure for Periyathambi Naicker St.

• Periyasekkadu Padmavathy Nagar: Rs 1,600 per sq.ft (2024)
• Periya Salai, Ponniammanmedu (Ward-22): Rs 2,200 per sq.ft (2024)
• Periya Salai (Ponniamman Medu): Rs 2,200 per sq.ft (2024)
• Periya Salai 4th Cross St (Ward-22): Rs 1,600 per sq.ft (2024)
• Periya Salai 3rd Cross St (Ward-22): Rs 1,600 per sq.ft (2024)
• Periyasalai 2nd Cross St (Ward-22): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Periyathambi Naicker St (Ward-10)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyathambi Naicker St (Ward-10)?

The Sub Registrar Office that covers Periyathambi Naicker St is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that all transactions comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Periyathambi Naicker St (Ward-10)?

The current guideline value of Periyathambi Naicker St (Ward-10) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification of Periyathambi Naicker St?

Periyathambi Naicker St is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Periyathambi Naicker St is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be calculated at 7% of that amount.