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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 22nd STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 22nd Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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) 22nd Street

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PERIYAR NAGAR (T.N.H.B) 22nd STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 22nd STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Mixed Type - II land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 22nd STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 22nd 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, reflecting a remarkable increase of 567%. However, from 2012 to 2017, the value dropped to Rs 2,680 per sq.ft, marking a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is an increase of 64% from the 2017 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 633%. It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value of Rs 4,400 per sq.ft for PERIYAR NAGAR (T.N.H.B) 22nd STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 22nd 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, bringing the total cost for these fees 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.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 22nd STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 22nd 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 more details.

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. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the fees are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of these values can help in planning the financial aspects of property dealings effectively.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 22nd STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 22nd 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 significantly 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 are the other streets with the same guideline value in Korattur?

Other streets in Korattur with the same guideline value of Rs 4,400 per sq.ft include PERIYAR NAGAR (T.N.H.B) 21st STREET, 23rd STREET, 20th STREET, 24th STREET, 1st STREET, and 25th STREET.

What is the registration office for PERIYAR NAGAR (T.N.H.B) 22nd STREET?

The registration office for PERIYAR NAGAR (T.N.H.B) 22nd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Korattur?

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