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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 45th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 45th 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 ₹2680 /sq.ft.
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) 45th Street

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PERIYAR NAGAR (T.N.H.B) 45th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 45th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the jurisdiction of Villivakkam SRO. The land classification for this area is Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 45th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 45th STREET has seen significant changes over the years. In 2007, the value was Rs 600 per sq.ft, which increased drastically to Rs 4,000 per sq.ft in 2012, marking a rise of 567%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the value has risen by 633%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

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 value for these streets is Rs 2,500 per sq.ft, placing the 2024 guideline value of PERIYAR NAGAR (T.N.H.B) 45th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 45th 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 fees together 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) 45th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 45th 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 details.

How the guideline value is used when you buy or sell in Korattur

The guideline value plays a crucial role when buying or selling property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the current market.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 45th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 45th 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 significant overall increase of 633% over the years.

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

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 registrations for this area?

The Villivakkam Sub Registrar Office handles registrations for PERIYAR NAGAR (T.N.H.B) 45th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 45th STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 45th STREET is Mixed Type - II, which indicates the type of development and usage permitted in this area.