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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 51st STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 51st 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) 51st Street

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PERIYAR NAGAR (T.N.H.B) 51st STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 51st 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, classified as Mixed Type - II land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 51st STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 51st STREET has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value dropped to Rs 2,680 per sq.ft in 2017. The subsequent revision in 2023 raised it to Rs 4,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

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 in this area is Rs 2,500 per sq.ft, placing the 2024 figure for PERIYAR NAGAR (T.N.H.B) 51st STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 51st STREET

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, 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) 51st STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 51st 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 an important factor when buying or selling property in Korattur. It is used to determine the stamp duty and registration fees applicable during the transaction. The fees are calculated based on the higher of the guideline value or the sale price of the property.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 51st STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 51st 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, marking an overall increase of 633% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property with a guideline value of 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 Sub Registrar Office covers this street?

The Villivakkam Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 51st STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of PERIYAR NAGAR (T.N.H.B) 51st STREET?

PERIYAR NAGAR (T.N.H.B) 51st STREET is classified as Mixed Type - II land according to the current guidelines.