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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 15th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 15th 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) 15th Street

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PERIYAR NAGAR (T.N.H.B) 15th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 15th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 15th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 15th STREET has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which 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 value rose again to Rs 4,000 per sq.ft in 2023 and reached the current value of Rs 4,400 per sq.ft in 2024. The revisions for 2002 and 2003 have no figures listed for this street.

From 2007 to 2012, there was a remarkable increase of 567%, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023. The overall increase from 2007 to 2024 is 633%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO with a 2024 guideline value 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 value of PERIYAR NAGAR (T.N.H.B) 15th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 15th 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, while 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 15th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 15th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transactions are conducted fairly.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 15th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 15th 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 undergone several revisions, starting from Rs 600 per sq.ft in 2007, increasing to Rs 4,000 in 2012, then decreasing to Rs 2,680 in 2017, rising again to Rs 4,000 in 2023, and finally reaching Rs 4,400 in 2024.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 15th STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 15th STREET is Mixed Type - II, indicating a diverse use of land in the area.

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

The Villivakkam Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 15th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

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