Guideline Value for Periyazhvar Theru

Periyazhvar Theru guideline value

The current guideline value of Periyazhvar Theru is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Periyazhvar Theru has changed

The guideline value for Periyazhvar Theru has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced by 33% to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly by 49% to Rs 1,800 per sq.ft in the 2023 revision, and further rose by 10% to the current value of Rs 1,980 per sq.ft in 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Periyazhvar Theru is below this median.

• Periyar Street: Rs 1,980 per sq.ft (2024)
• Periyar Salai: 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 Periyazhvar Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty is charged at 7%, which equals Rs 1,38,600, and the registration fee is charged at 2%, amounting to Rs 39,600. Together, the total cost for stamp duty and registration fee is Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyazhvar Theru?

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

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

When buying or selling property in Perungalathur, the guideline value is a crucial factor in determining the registration fees and stamp duty. The guideline value serves as a benchmark for the sale price of the property, ensuring that the transaction is recorded at a value that reflects the current market conditions as established by the Registration Department.

At the time of registration, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Periyazhvar Theru?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Periyazhvar Theru?

The land classification for Periyazhvar Theru is Residential Class III Type - I.

Where can I find the Padappai Sub Registrar Office?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai.

How is stamp duty calculated for properties in Periyazhvar Theru?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.