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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 56th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 56th 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) 56th Street

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PERIYAR NAGAR (T.N.H.B) 56th STREET guideline value

The current guideline value for PERIYAR NAGAR (T.N.H.B) 56th STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village under the Villivakkam SRO, classified as Mixed Type - II land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 56th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 56th STREET has seen significant changes over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 567%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 4,000 per sq.ft in 2023 and further increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the total increase is 633%. Notably, 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. PERIYAR NAGAR (T.N.H.B) 56th STREET's current guideline value is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 56th 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 fees 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 56th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 56th 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 plays a crucial role during the registration of property transactions in Korattur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally binding and properly documented.

When buying or selling property, the guideline value serves as a benchmark for the transaction value, and it is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 56th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 56th 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, showing an overall increase of 633% over the years.

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

For a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 3,96,000, which includes a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000.

Which office is responsible for the registration of properties in this area?

The Villivakkam Sub Registrar Office is responsible for the registration of properties in PERIYAR NAGAR (T.N.H.B) 56th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of PERIYAR NAGAR (T.N.H.B) 56th STREET?

PERIYAR NAGAR (T.N.H.B) 56th STREET is classified as Mixed Type - II land, which indicates its suitability for various types of developments.