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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 40th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 40th 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 ₹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) 40th Street

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PERIYAR NAGAR (T.N.H.B) 40th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 40th 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) 40th STREET has changed

Over the years, the guideline value of PERIYAR NAGAR (T.N.H.B) 40th STREET has seen significant changes. In 2007, the value was Rs 600 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in both 2012 and 2023. The most recent revision in 2024 raised the value to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street. The overall change from 2007 to 2024 reflects an increase of 633%, showcasing the substantial rise in the guideline value over this period.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, indicating that PERIYAR NAGAR (T.N.H.B) 40th STREET is positioned above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 40th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 40th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 40th 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 additional 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. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the applicable duties and fees. It is essential for buyers to be aware of the guideline value to ensure that they are paying the correct amount in taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 40th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 40th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 633% over this period.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 40th STREET?

PERIYAR NAGAR (T.N.H.B) 40th STREET is classified as Mixed Type - II land.

What is the stamp duty rate for properties in PERIYAR NAGAR (T.N.H.B) 40th STREET?

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 40th STREET located?

The Sub Registrar Office for this street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.