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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 4th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 4th 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 ₹625 /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) 4th Street

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PERIYAR NAGAR (T.N.H.B) 4th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 4th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls 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) 4th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 4th STREET has seen significant changes over the years. In 2007, the guideline value was Rs 625 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 540%. However, by 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and finally, it reached Rs 4,400 per sq.ft in the 2024 revision, reflecting an increase of 10% from the previous year.

The revisions from 2017 to 2023 saw a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 604%. It is worth noting that 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 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 of Rs 4,400 per sq.ft for PERIYAR NAGAR (T.N.H.B) 4th STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 4th 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 charges 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 details.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 4th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 4th 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 plays a crucial role when buying or selling property in Korattur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers must be aware of the guideline value to ensure they are compliant with the legal requirements during property transactions.

When a property is registered, the guideline value is checked against the sale price. The higher amount is used to calculate the applicable duties and fees, ensuring that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 4th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 4th 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 625 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 604% over this period.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 4th STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 4th STREET is Mixed Type - II.

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

The Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 4th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.