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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 38th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 38th 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) 38th Street

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PERIYAR NAGAR (T.N.H.B) 38th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 38th 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) 38th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 38th STREET has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this figure saw a decrease to Rs 2,680 per sq.ft in 2017. The value then rose to Rs 4,000 per sq.ft in 2023, and most recently, it has been revised to Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

In summary, the changes between the revisions show a substantial increase from Rs 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 633%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Korattur

In Korattur, the guideline values for 617 streets under the Villivakkam SRO range 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 for PERIYAR NAGAR (T.N.H.B) 38th STREET is above this median, reflecting its current valuation.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 38th 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, 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 or 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) 38th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 38th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 plays a crucial role in the registration process when buying or selling property in Korattur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the registration reflects the true value of the property, as determined by the guideline value set by the Registration Department.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 38th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 38th 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, with various revisions in between, including a decrease in 2017.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 38th STREET?

PERIYAR NAGAR (T.N.H.B) 38th STREET is classified as Mixed Type - II land.

Where is the Sub Registrar Office located for this street?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office.

How is the stamp duty calculated for properties in this area?

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