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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 24th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 24th 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) 24th Street

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PERIYAR NAGAR (T.N.H.B) 24th STREET guideline value

The current guideline value for PERIYAR NAGAR (T.N.H.B) 24th 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). The land classification for this area is Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 24th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 24th STREET has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This figure saw a significant increase to Rs 4,000 per sq.ft in 2012, marking a rise of 567%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting an increase of 64% from 2017.

Overall, from 2007 to 2024, the guideline value has increased by 633%. It is important to note that the register does not have figures for the years 2023, 2003, and 2002 for this street.

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 guideline value for these streets is Rs 2,500 per sq.ft, placing the 2024 figure for PERIYAR NAGAR (T.N.H.B) 24th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 24th 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, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and 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) 24th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 24th 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 is a crucial factor in the registration process when buying or selling property in Korattur. It determines the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers to ensure compliance with legal requirements during property transactions. It also helps in estimating the costs involved in the registration process.

Frequently asked questions

What is the current guideline value for PERIYAR NAGAR (T.N.H.B) 24th STREET?

The current guideline value for PERIYAR NAGAR (T.N.H.B) 24th 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, representing 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 would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers this street?

The Villivakkam Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 24th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 24th STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 24th STREET is Mixed Type - II, indicating a blend of residential and commercial usage.