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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 23rd STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 23rd 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) 23rd Street

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PERIYAR NAGAR (T.N.H.B) 23rd STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 23rd 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 the land classification is Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 23rd STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 23rd 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, representing a remarkable increase of 567%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, marking a decline of 33%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a substantial increase of 64% from the 2017 figure. Notably, the register has no figures for the years 2023, 2003, and 2002 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 633%. This progression illustrates the changes in property valuation over the years, with the current rate being significantly higher than the earlier figures.

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. The median value for these streets is Rs 2,500 per sq.ft, making the current value of PERIYAR NAGAR (T.N.H.B) 23rd STREET above that median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 23rd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, resulting in a total of 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 23rd STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 23rd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more details, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Korattur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value at which the property can be registered. This value is essential for legal compliance and financial planning during property transactions.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 23rd STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 23rd 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 stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty is Rs 3,08,000, and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for PERIYAR NAGAR (T.N.H.B) 23rd STREET?

The Villivakkam Sub Registrar Office handles property registrations for PERIYAR NAGAR (T.N.H.B) 23rd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this street?

The land classification for PERIYAR NAGAR (T.N.H.B) 23rd STREET is Mixed Type - II, indicating a diverse use of land in the area.