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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 33rd STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 33rd 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) 33rd Street

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PERIYAR NAGAR (T.N.H.B) 33rd STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 33rd 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.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 33rd STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 33rd STREET has seen several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 567% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value again rose to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 633%.

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 PERIYAR NAGAR (T.N.H.B) 33rd STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 33rd 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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 33rd STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 33rd 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 a critical factor in property transactions in Korattur. It is used to determine the stamp duty and registration fees payable during the registration of property transactions. Buyers should be aware that the guideline value serves as a benchmark for assessing the value of the property being bought or sold.

When a property is registered, the guideline value or the sale price is considered, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market standards as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 33rd STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 33rd 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 various increases and one decrease over the years.

What are the other streets in Korattur with the same guideline value?

Other streets in Korattur that share the same guideline value of Rs 4,400 per sq.ft in 2024 include PERIYAR NAGAR (T.N.H.B) 32nd STREET, 34th STREET, 31st STREET, 35th STREET, 30th STREET, and 36th STREET.

What is the registration office for PERIYAR NAGAR (T.N.H.B) 33rd STREET?

The registration office for PERIYAR NAGAR (T.N.H.B) 33rd 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 for properties in Korattur is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7% of the guideline value.