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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 19th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 19th 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) 19th Street

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PERIYAR NAGAR (T.N.H.B) 19th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 19th 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) 19th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 19th STREET has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 600 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 567%. However, in the 2017 revision, the value dropped to Rs 2,680 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 4,400 per sq.ft, showing a 10% increase.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 633%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, which means that the 2024 figure for PERIYAR NAGAR (T.N.H.B) 19th STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 19th STREET

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, 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, bringing the total to 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 more information.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 19th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 19th 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 property transactions in Korattur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory costs associated with the transaction. It ensures that the property is valued consistently across different transactions.

At the time of registration, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 19th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 19th 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 significantly from Rs 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 633%.

What are the stamp duty rates for property in this area?

The stamp duty for property transactions in PERIYAR NAGAR (T.N.H.B) 19th STREET is charged at 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering PERIYAR NAGAR (T.N.H.B) 19th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 19th STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 19th STREET is Mixed Type - II, indicating a diverse use of land in the area.