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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 60th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 60th 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) 60th Street

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PERIYAR NAGAR (T.N.H.B) 60th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 60th 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, classified as Mixed Type - II land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 60th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 60th STREET has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 600 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 567%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. Following this, the value rose again to Rs 4,000 per sq.ft in 2023, and most recently, it has been revised to Rs 4,400 per sq.ft in 2024, reflecting an increase of 10% from the previous year.

There are no recorded figures for the years 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 with 2024 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 PERIYAR NAGAR (T.N.H.B) 60th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 60th 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) 60th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 60th 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 crucial factor in property transactions in Korattur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value serves as a benchmark for calculating various fees. It is essential for both parties to be aware of the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the sale process.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 60th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 60th 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 a significant increase of 633% overall.

What are the other streets in Korattur with the same guideline value?

Other streets in Korattur with the same guideline value of Rs 4,400 per sq.ft include PERIYAR NAGAR (T.N.H.B) 5th STREET, 61st STREET, 59th STREET, 62nd STREET, 58th STREET, and 63rd STREET.

Where is the Sub Registrar Office for this area located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.