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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 42nd STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 42nd 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) 42nd Street

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PERIYAR NAGAR (T.N.H.B) 42nd STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 42nd STREET is Rs 4,400 per sq.ft. This street is located in Korattur village, falling under the Villivakkam SRO, and is classified as Mixed Type - II land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 42nd STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 42nd STREET has undergone several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft, which saw a significant increase to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. However, from 2023 to 2024, the guideline value rose by 10%, reaching Rs 4,400 per sq.ft.

Notably, there are no figures available for the revisions in 2002, 2003, and 2017 for this street. The overall change from the 2007 revision to the current 2024 value reflects an increase of 633%.

Guideline values in Korattur

In Korattur, there are a total of 617 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, placing the 2024 figure for PERIYAR NAGAR (T.N.H.B) 42nd STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 42nd 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, making the total cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 42nd STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 42nd 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 crucial factor in the registration of property transactions in Korattur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it directly influences the financial aspects of the transaction, including the applicable fees. Buyers and sellers should consult the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 42nd STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 42nd 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 are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000 based on the current guideline value.

Which office handles registrations for this area?

The Villivakkam Sub Registrar Office is responsible for handling registrations for properties in PERIYAR NAGAR (T.N.H.B) 42nd STREET.

What is the land classification for this street?

PERIYAR NAGAR (T.N.H.B) 42nd STREET is classified as Mixed Type - II land, indicating a diverse range of permissible land uses.