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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 16th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 16th 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) 16th Street

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PERIYAR NAGAR (T.N.H.B) 16th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 16th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam Sub Registrar Office (SRO), and is classified as Mixed Type - II land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 16th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 16th STREET has seen significant changes over the years. In 2007, the value was Rs 600 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 567%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and most recently, it has increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing PERIYAR NAGAR (T.N.H.B) 16th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 16th STREET

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 16th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 16th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 is a critical factor in property transactions in Korattur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 16th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 16th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much 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 an overall increase of 633% over the years.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 16th STREET?

PERIYAR NAGAR (T.N.H.B) 16th STREET is classified as Mixed Type - II land.

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

The Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 16th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the 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 with a guideline value of Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.