Guideline Value for STATION VIEW AVENUE

Station View Avenue guideline value

The current guideline value for Station View Avenue in Periyakuppam village, under the Tiruvallur Joint 1 SRO, is Rs 879 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Station View Avenue has changed

The guideline value for Station View Avenue has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. The value then increased significantly to Rs 800 per sq.ft in 2023, and finally to the current value of Rs 879 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value saw a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Station View Avenue is below this median.

• Stalin Street: Rs 1,100 per sq.ft (2024)
• Sri Vaishnavi Nagar: Rs 1,100 per sq.ft (2024)
• Sri Srinivasa Nagar & Ext: Rs 1,320 per sq.ft (2024)
• Swathi 1'st Street: Rs 550 per sq.ft (2024)
• Swathi 2'nd Street: Rs 550 per sq.ft (2024)
• Swathi 3'rd Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Station View Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 879 per sq.ft, the total guideline value would be Rs 8,79,000. The stamp duty at 7% would be Rs 61,530, and the registration fee at 2% would be Rs 17,580, resulting in a total of Rs 79,110. It is important to note that the 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 more information.

Which Sub Registrar Office covers Station View Avenue?

The Sub Registrar Office that covers Station View Avenue 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 more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Periyakuppam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Station View Avenue?

The current guideline value of Station View Avenue is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 in 2012 to Rs 536 in 2017, then increased to Rs 800 in 2023, and finally to Rs 879 in 2024. This reflects a 10% increase from 2023 to 2024 and a 49% increase from 2017 to 2023.

What is the land classification for Station View Avenue?

The land classification for Station View Avenue is Residential Special Type - IV.

How is the stamp duty calculated for properties in Station View Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 61,530.

Which office do I need to visit for registration in Periyakuppam?

The registration for properties in Periyakuppam is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.