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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 36th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 36th 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) 36th Street

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PERIYAR NAGAR (T.N.H.B) 36th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 36th 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) jurisdiction and is classified as Mixed Type - II land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 36th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 36th STREET has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which rose significantly to Rs 4,000 per sq.ft in 2012, marking an increase of 567%. However, in 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, reflecting a rise of 10% from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 633%, showcasing the fluctuations in property valuation over the years. The values recorded in each revision are as follows: Rs 600 per sq.ft in 2007, Rs 4,000 per sq.ft in 2012, Rs 2,680 per sq.ft in 2017, Rs 4,000 per sq.ft in 2023, and the current value of Rs 4,400 per sq.ft effective from July 2024.

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 guideline value for these streets is Rs 2,500 per sq.ft, placing PERIYAR NAGAR (T.N.H.B) 36th STREET's 2024 figure above the median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 36th 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, bringing the total cost together to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to property transactions.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 36th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 36th 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Korattur, as it determines the minimum value at which a property can be registered. This value is used by the registration authorities to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

When buying or selling property, it is essential to be aware of the guideline value as it can impact the overall cost of the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any complications during the registration process.

Frequently asked questions

What is the current guideline value for PERIYAR NAGAR (T.N.H.B) 36th STREET?

The current guideline value for PERIYAR NAGAR (T.N.H.B) 36th 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 is the land classification for PERIYAR NAGAR (T.N.H.B) 36th STREET?

PERIYAR NAGAR (T.N.H.B) 36th STREET is classified as Mixed Type - II land, which influences its guideline value and usage.

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

The Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 36th STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What fees are associated with the purchase of property in this area?

When purchasing property in PERIYAR NAGAR (T.N.H.B) 36th STREET, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.