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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 52nd STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 52nd 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) 52nd Street

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PERIYAR NAGAR (T.N.H.B) 52nd STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 52nd STREET is Rs 4,400 per sq.ft. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 52nd STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 52nd 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 most recent revisions show an increase to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft effective from 1 July 2024.

From 2017 to 2023, the guideline value increased by 49%. The increase from 2023 to 2024 was 10%. The overall change from 2007 to 2024 reflects a substantial increase of 633% in the guideline value 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 for these streets is Rs 2,500 per sq.ft, placing the 2024 figure for PERIYAR NAGAR (T.N.H.B) 52nd STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 52nd STREET

For a 1,000 sq.ft plot at the current rate, 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. 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) 52nd STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 52nd 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 a critical factor when registering property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the registration office uses the guideline value to calculate the applicable fees. This ensures that the fees are consistent and based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 52nd STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 52nd 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 an overall increase of 633% over this period.

What is the land classification of PERIYAR NAGAR (T.N.H.B) 52nd STREET?

PERIYAR NAGAR (T.N.H.B) 52nd STREET is classified as Mixed Type - II, indicating a mix of residential and commercial uses.

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

The Villivakkam Sub Registrar Office, which covers PERIYAR NAGAR (T.N.H.B) 52nd STREET, is 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 guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 3,08,000.