Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for PERIYAR NAGAR (T.N.H.B) 55th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 55th 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) 55th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

PERIYAR NAGAR (T.N.H.B) 55th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 55th 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. The land classification for this area is Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 55th STREET has changed

Over the years, the guideline value of PERIYAR NAGAR (T.N.H.B) 55th STREET has seen significant changes. In 2007, the guideline value was Rs 600 per sq.ft. This increased dramatically 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, a decline of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 633%.

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. The median value for these streets is Rs 2,500 per sq.ft, placing PERIYAR NAGAR (T.N.H.B) 55th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 55th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 55th STREET?

The Sub Registrar Office covering PERIYAR NAGAR (T.N.H.B) 55th 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 in the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, making it essential to understand the current guideline value for accurate financial planning.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 55th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 55th 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 are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot valued at Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000, resulting in a stamp duty of Rs 3,08,000 and a registration fee of 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) 55th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this street?

The land classification for PERIYAR NAGAR (T.N.H.B) 55th STREET is Mixed Type - II, indicating a diverse use of land in this area.