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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 49th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 49th 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) 49th Street

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PERIYAR NAGAR (T.N.H.B) 49th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 49th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 49th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 49th STREET has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 567%. However, in 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, which is a 10% rise from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 633%.

The revisions for the years 2002 and 2003 do not have figures recorded for this street. The most recent revisions indicate a steady increase in the guideline value, particularly from 2017 onwards.

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 for PERIYAR NAGAR (T.N.H.B) 49th STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 49th 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, making a total of 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 information.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 49th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 49th 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Korattur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees payable during the transaction.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value, which is essential for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 49th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 49th 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, marking an overall increase of 633% over the years.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 49th STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 49th STREET is Mixed Type - II.

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

For a 1,000 sq.ft plot at the guideline value of Rs 4,400 per sq.ft, the total guideline value is 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 PERIYAR NAGAR (T.N.H.B) 49th STREET?

The Villivakkam Sub Registrar Office handles registrations for PERIYAR NAGAR (T.N.H.B) 49th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.