Guideline Value

Corporate

Guideline Value for SRI SAKTHI AVENUE

₹200/sq.ft.

The guideline value for Sri Sakthi Avenue in Periyapalayam village (Arani_tiruvallur SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Periyapalayam

Village

Arani_Tiruvallur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Sakthi Avenue

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Sri Sakthi Avenue guideline value

The current guideline value of Sri Sakthi Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Periyapalayam village under the Arani_Tiruvallur SRO and falls under Residential Class III Type - I land classification.

How the guideline value of Sri Sakthi Avenue has changed

Over the years, the guideline value for Sri Sakthi Avenue has seen several revisions. The 2024 revision maintains the guideline value at Rs 200 per sq.ft, the same as the 2023 revision. Prior to that, the guideline value was Rs 134 per sq.ft in 2017, showing a significant increase of 49% from the previous revision. The 2012 revision also had a guideline value of Rs 200 per sq.ft, which was a decrease of 33% from Rs 150 per sq.ft in the 2007 revision. Overall, from 2007 to 2024, the guideline value has increased by 33%.

For the years 2002 and 2003, the register has no figure for Sri Sakthi Avenue. This lack of data means that the changes in those years cannot be assessed. The revisions have shown fluctuations, but the current value reflects stability in the recent years.

Guideline values in Periyapalayam

In Periyapalayam village, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 160 to Rs 600 per sq.ft, with the median being Rs 200 per sq.ft. Sri Sakthi Avenue's 2024 guideline value aligns perfectly with this median.

Stamp duty and registration fee for property in Sri Sakthi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sakthi Avenue?

The Sub Registrar Office that covers Sri Sakthi Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Periyapalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Sri Sakthi Avenue?

The current guideline value of Sri Sakthi Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. The value was Rs 134 per sq.ft in 2017, which reflects a 49% increase from that year to 2023.

What are the other streets in Periyapalayam with their guideline values?

In Periyapalayam, other streets like Sri Vari Nagar and Sri Balaji Nagar also have a guideline value of Rs 200 per sq.ft. Other streets vary, with Thiruvallur Nagar at Rs 160 per sq.ft and Royal Diamond City at Rs 402 per sq.ft.

How is the stamp duty calculated for properties in Sri Sakthi Avenue?

Stamp duty for properties in Sri Sakthi Avenue is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total stamp duty of Rs 14,000.

Where can I find the Sub Registrar Office for Sri Sakthi Avenue?

The Sub Registrar Office for Sri Sakthi Avenue is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. This office handles all registrations for properties in the area.