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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 14th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 14th Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Periyar Nagar (t.n.h.b) 14th Street

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PERIYAR NAGAR (T.N.H.B) 14th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 14th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the jurisdiction of the Villivakkam SRO. The land classification for this area is Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 14th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 14th STREET has seen several revisions over the years. Starting from Rs 600 per sq.ft in 2007, the value increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 4,000 per sq.ft, and the latest revision in 2024 set it at Rs 4,400 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. Notably, the increase from 2007 to 2024 reflects a substantial overall rise of 633%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value is Rs 2,500 per sq.ft, placing the 2024 figure for PERIYAR NAGAR (T.N.H.B) 14th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 14th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 14th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 14th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Korattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it can impact the overall costs associated with the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, but the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 14th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 14th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a significant overall increase of 633% over the years.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 14th STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 14th STREET is Mixed Type - II.

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

The Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 14th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.