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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 3rd STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 3rd 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 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /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) 3rd Street

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PERIYAR NAGAR (T.N.H.B) 3rd STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 3rd 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) 3rd STREET has changed

Over the years, the guideline value for PERIYAR NAGAR (T.N.H.B) 3rd STREET has seen significant changes. The 2007 revision set the value at Rs 700 per sq.ft. This figure remained unchanged until the 2012 revision, which also recorded Rs 4,000 per sq.ft. The next revision in 2023 maintained the same value of Rs 4,000 per sq.ft. However, the latest revision in 2024 increased the guideline value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

From 2007 to 2012, there was a substantial increase of 471%, bringing the value to Rs 4,000 per sq.ft. The overall change from the 2007 revision to the 2024 revision shows an increase of 529%, highlighting the growth in the guideline value over the years.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,500 per sq.ft, placing the 2024 guideline value of PERIYAR NAGAR (T.N.H.B) 3rd STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 3rd 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, 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 3rd STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 3rd 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, as it determines the minimum price at which a property can be registered. When buying or selling property in Korattur, the guideline value helps in calculating the stamp duty and registration fees, ensuring that all transactions comply with the legal requirements.

Additionally, the guideline value serves as a reference point for buyers and sellers to understand the prevailing rates in the area. It is essential for both parties to be aware of these values to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 3rd STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 3rd 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 700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 529% over the years.

What is the land classification of PERIYAR NAGAR (T.N.H.B) 3rd STREET?

PERIYAR NAGAR (T.N.H.B) 3rd STREET is classified as Mixed Type - II land.

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

The Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 3rd 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 this area?

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