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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 32nd STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 32nd 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) 32nd Street

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PERIYAR NAGAR (T.N.H.B) 32nd STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 32nd STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the jurisdiction of the Villivakkam SRO, and is classified as Mixed Type - II land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 32nd STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 32nd STREET has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a remarkable rise of 567%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then increased substantially to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%. Overall, from 2007 to 2024, the guideline value has increased by 633%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO carrying 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 PERIYAR NAGAR (T.N.H.B) 32nd STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 32nd 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total charges together Rs 3,96,000. Duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on your property transactions.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 32nd STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 32nd 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 information.

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

The guideline value is an essential factor during property transactions in Korattur, as it determines the minimum value at which properties can be registered. This value is used to calculate the applicable stamp duty and registration fees, which are mandatory for all property transactions.

When buying or selling property, it's crucial to be aware of the guideline value as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 32nd STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 32nd 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 seen significant changes, starting from Rs 600 per sq.ft in 2007 and reaching Rs 4,400 per sq.ft in 2024. The most notable increase was from 2012 to 2017, where it dropped to Rs 2,680 per sq.ft, followed by a rise to Rs 4,000 per sq.ft in 2023.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 32nd STREET?

PERIYAR NAGAR (T.N.H.B) 32nd STREET is classified as Mixed Type - II land. This classification can influence the type of developments allowed in the area.

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

The Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 32nd 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 property transactions?

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