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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 46th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 46th 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) 46th Street

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PERIYAR NAGAR (T.N.H.B) 46th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 46th 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. The land classification for this area is Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 46th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 46th STREET has seen significant changes over the years. Starting from the 2007 revision, the value was Rs 600 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The value was revised to Rs 4,000 per sq.ft again in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. The increase from 2012 to 2017 was a decrease of 33%. The substantial increase from 2007 to 2012 was 567%. Overall, from 2007 to 2024, the guideline value has increased by 633%. The register has no figures for the years 2002 and 2003 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. The median guideline value is Rs 2,500 per sq.ft, placing the 2024 figure for PERIYAR NAGAR (T.N.H.B) 46th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 46th 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, while the registration fee at 2% would be Rs 88,000. Together, this totals 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 46th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 46th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 critical factor when buying or selling property in Korattur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are essential costs involved in any property transaction.

When a property is sold, the buyer must ensure that the sale price is in line with the guideline value to avoid any legal issues during registration. The registration process requires that the property be registered at the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for PERIYAR NAGAR (T.N.H.B) 46th STREET?

The current guideline value for PERIYAR NAGAR (T.N.H.B) 46th 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, showing an overall increase of 633% over the years.

What is the stamp duty for property in PERIYAR NAGAR (T.N.H.B) 46th STREET?

The stamp duty for property in PERIYAR NAGAR (T.N.H.B) 46th STREET is calculated at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering PERIYAR NAGAR (T.N.H.B) 46th STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 46th STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 46th STREET is Mixed Type - II.