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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 44th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 44th 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) 44th Street

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PERIYAR NAGAR (T.N.H.B) 44th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 44th STREET is Rs 4,400 per sq.ft. This street is located in Korattur village under the Villivakkam Sub Registrar Office (SRO) and is classified as Mixed Type - II land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 44th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 44th STREET has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 600 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a change of +567%. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, which set the value at Rs 4,000 per sq.ft again. The most recent revision in 2024 has increased the guideline value to Rs 4,400 per sq.ft, reflecting a change of +10% from the previous year.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +633%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging 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 of PERIYAR NAGAR (T.N.H.B) 44th STREET is notably above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 44th 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, resulting in a total of Rs 3,96,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 44th STREET?

The Villivakkam Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 44th STREET. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 during property registration in Korattur. It is used to determine the stamp duty and registration fees applicable to the property transaction. Buyers and sellers must consider the guideline value to ensure compliance with the local regulations and to avoid any discrepancies during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. It helps in assessing the fair value of the property and ensures that the government receives the appropriate revenue from the transaction through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 44th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 44th STREET is Rs 4,400 per sq.ft as per the 2024 revision.

How much has the guideline value changed from 2007 to 2024?

From 2007 to 2024, the guideline value has increased by +633%, from Rs 600 per sq.ft to Rs 4,400 per sq.ft.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for properties in PERIYAR NAGAR (T.N.H.B) 44th STREET?

The Villivakkam Sub Registrar Office handles the registration for properties in PERIYAR NAGAR (T.N.H.B) 44th STREET.

How do the guideline values in Korattur compare to PERIYAR NAGAR (T.N.H.B) 44th STREET?

The guideline values in Korattur 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 of PERIYAR NAGAR (T.N.H.B) 44th STREET is above this median, at Rs 4,400 per sq.ft.