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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 57th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 57th Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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 ₹800 /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) 57th Street

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PERIYAR NAGAR (T.N.H.B) 57th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 57th 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.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 57th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 57th STREET has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which significantly increased to Rs 4,000 per sq.ft in 2012, marking a 400% rise. However, between 2012 and 2017, the value decreased by 33% to Rs 2,680 per sq.ft. The most recent revision in 2024 shows a substantial increase of 64% from the 2017 figure, bringing the guideline value to Rs 4,400 per sq.ft.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

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. The guideline value of PERIYAR NAGAR (T.N.H.B) 57th STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 57th 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 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 information.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 57th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 57th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Korattur

The guideline value plays a crucial role during the registration process of property transactions in Korattur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 57th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 57th 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 800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the land classification of PERIYAR NAGAR (T.N.H.B) 57th STREET?

PERIYAR NAGAR (T.N.H.B) 57th STREET is classified as Mixed Type - II.

Which Sub Registrar Office is responsible for this street?

The Villivakkam Sub Registrar Office is responsible for PERIYAR NAGAR (T.N.H.B) 57th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the guideline values of other streets in Korattur?

Other streets in Korattur under the Villivakkam SRO have a guideline value of Rs 4,400 per sq.ft in 2024, including streets like PERIYAR NAGAR (T.N.H.B) 56th, 58th, 55th, 59th, 54th, and 5th STREET.