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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 41st STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 41st 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) 41st Street

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PERIYAR NAGAR (T.N.H.B) 41st STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 41st STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO with a land classification of Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 41st STREET has changed

Over the years, the guideline value of PERIYAR NAGAR (T.N.H.B) 41st STREET has seen significant changes. The 2007 revision set the value at Rs 600 per sq.ft, which then increased dramatically to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The most recent 2024 revision raised the guideline value to Rs 4,400 per sq.ft, reflecting 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 in the register for this street. The overall change from 2007 to 2024 is an increase of 633%, highlighting the substantial 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. The median guideline value for these streets is Rs 2,500 per sq.ft, placing PERIYAR NAGAR (T.N.H.B) 41st STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 41st 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 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) 41st STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 41st STREET is the Villivakkam Sub Registrar Office. The address is 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

The guideline value is a crucial factor during the registration of property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 41st STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 41st 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 increased from Rs 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing a total increase of 633% over the years.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 41st STREET?

PERIYAR NAGAR (T.N.H.B) 41st STREET has a land classification of Mixed Type - II.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office).

How is the stamp duty calculated for properties in Korattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is essential to consider this when planning a property transaction.