Guideline Value for Periyathambi Street

Periyathambi Street guideline value

The current guideline value of Periyathambi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Periyathambi Street has changed

Over the years, the guideline value of Periyathambi Street has seen several revisions. The 2007 revision recorded a value of Rs 320 per sq.ft, which increased significantly by 213% to Rs 1,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 670 per sq.ft. The value then rose by 49% to Rs 1,000 per sq.ft in 2023, before reaching the current value of Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 244%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Periyathambi Street.

• Perumal Street: Rs 2,200 per sq.ft (2024)
• Perupakkam Colony: Rs 2,750 per sq.ft (2024)
• Periyakuppam Colony: Rs 880 per sq.ft (2024)
• Paventhar Street: Rs 1,320 per sq.ft (2024)
• Pathiyalpeettai: Rs 1,650 per sq.ft (2024)
• Ponnappan Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Periyathambi Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Periyathambi Street?

The Sub Registrar Office that covers Periyathambi Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for additional details.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruvallur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the actual sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Periyathambi Street?

The current guideline value of Periyathambi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 244% over the years.

What are the stamp duty rates for properties in Thiruvallur?

The stamp duty rate for properties in Thiruvallur is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Periyathambi Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Periyathambi Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value in Thiruvallur?

The median guideline value in Thiruvallur is Rs 1,100 per sq.ft, which is the same as the current guideline value for Periyathambi Street.