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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 47th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 47th 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) 47th Street

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PERIYAR NAGAR (T.N.H.B) 47th STREET guideline value

The current guideline value for PERIYAR NAGAR (T.N.H.B) 47th STREET is Rs 4,400 per sq.ft. This street is located in Korattur village, under the Villivakkam SRO, with a land classification of Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 47th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 47th STREET has seen significant changes over the years. In 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 decreased to Rs 2,680 per sq.ft in 2017, before rising again to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, 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 value is Rs 2,500 per sq.ft, placing the 2024 figure for PERIYAR NAGAR (T.N.H.B) 47th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 47th STREET

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 47th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 47th 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 when buying or selling property in Korattur, as it determines the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to accurately calculate these costs during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction price, ensuring that the fees are calculated based on a standardized value set by the government. This helps maintain uniformity in property transactions across the region.

Frequently asked questions

What is the current guideline value for PERIYAR NAGAR (T.N.H.B) 47th STREET?

The current guideline value for PERIYAR NAGAR (T.N.H.B) 47th 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, increasing from Rs 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 633% over this period.

What is the registration office for PERIYAR NAGAR (T.N.H.B) 47th STREET?

The registration office for PERIYAR NAGAR (T.N.H.B) 47th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,08,000.

What are the other streets in Korattur with the same guideline value?

Other streets in Korattur with the same guideline value of Rs 4,400 per sq.ft include PERIYAR NAGAR (T.N.H.B) 46th STREET, 48th STREET, 45th STREET, 49th STREET, 44th STREET, and 4th STREET.