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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 34th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 34th 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) 34th Street

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PERIYAR NAGAR (T.N.H.B) 34th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 34th 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) 34th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 34th STREET has seen significant changes over the years. The earliest recorded revision is from 2007, where the value was Rs 600 per sq.ft. This figure increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 567%. However, the value dropped to Rs 2,680 per sq.ft in 2017, which was a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and most recently to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 633%. It is important to note that 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 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) 34th STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 34th STREET

For a 1,000 sq.ft plot at the current rate, 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, bringing the total to 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) 34th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 34th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

When buying or selling property in Korattur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and reflects the minimum value at which properties can be registered in the area.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of the transaction. Accurate knowledge of these values ensures compliance with legal requirements during property registration.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 34th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 34th 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, showing an overall increase of 633% over these years.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,96,000, based on the current guideline value of Rs 44,00,000.

Which office handles the registration for PERIYAR NAGAR (T.N.H.B) 34th STREET?

The Villivakkam Sub Registrar Office handles the registration for PERIYAR NAGAR (T.N.H.B) 34th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of PERIYAR NAGAR (T.N.H.B) 34th STREET?

PERIYAR NAGAR (T.N.H.B) 34th STREET is classified as Mixed Type - II land, which indicates its suitability for various types of development.