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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 54th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 54th 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 N/A
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) 54th Street

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PERIYAR NAGAR (T.N.H.B) 54th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 54th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Mixed Type - II land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 54th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 54th STREET has seen several revisions over the years. The earliest recorded figure is from 2007, at Rs 600 per sq.ft. This value increased significantly to Rs 4,000 per sq.ft in 2012, marking a change of +567%. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, where it was again set at Rs 4,000 per sq.ft. In 2024, the guideline value was revised to Rs 4,400 per sq.ft, reflecting a +10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by +633%. The revisions for the years 2017, 2003, and 2002 have no figures recorded 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 value of these streets is Rs 2,500 per sq.ft, placing the 2024 guideline value of PERIYAR NAGAR (T.N.H.B) 54th STREET above the median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 54th 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 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) 54th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 54th 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 during the registration of property transactions in Korattur. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must ensure that the property is registered at the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is advisable to check the latest guideline values to avoid any discrepancies during the registration process. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 54th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 54th 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 from Rs 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of +633% over the years.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 54th STREET?

PERIYAR NAGAR (T.N.H.B) 54th STREET is classified as Mixed Type - II land.

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

For a property valued at 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 the registration for this street?

The registration for PERIYAR NAGAR (T.N.H.B) 54th STREET is handled by the Villivakkam Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.