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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 48th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 48th 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) 48th Street

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PERIYAR NAGAR (T.N.H.B) 48th STREET guideline value

The current guideline value for PERIYAR NAGAR (T.N.H.B) 48th 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) 48th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 48th STREET has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which rose significantly to Rs 4,000 per sq.ft in 2012, marking an increase of 567%. However, this value decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, followed by another increase to the current Rs 4,400 per sq.ft in 2024, reflecting a rise of 10%.

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

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO carrying 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 for PERIYAR NAGAR (T.N.H.B) 48th STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 48th 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, bringing the total 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 48th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 48th 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 further assistance.

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 is the basis for calculating the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with the regulations set by the Registration Department.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two is used to determine the applicable stamp duty and registration fees, ensuring that the correct amount is collected by the authorities.

Frequently asked questions

What is the current guideline value for PERIYAR NAGAR (T.N.H.B) 48th STREET?

The current guideline value for PERIYAR NAGAR (T.N.H.B) 48th 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 a total increase of 633% over the years.

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

Several other streets in Korattur also have a guideline value of Rs 4,400 per sq.ft in 2024, including PERIYAR NAGAR (T.N.H.B) 47th STREET, 49th STREET, 46th STREET, 4th STREET, 45th STREET, and 50th STREET.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000.