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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 61st STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 61st 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) 61st Street

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PERIYAR NAGAR (T.N.H.B) 61st STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 61st 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 the land classification is Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 61st STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 61st STREET has seen significant changes over the years. In 2007, the value was Rs 600 per sq.ft, which rose dramatically to Rs 4,000 per sq.ft in 2012, marking an increase of 567%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then increased substantially to Rs 4,000 per sq.ft in 2023, a rise of 49% from 2017. The most recent revision in 2024 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, with a median value of Rs 2,500 per sq.ft. The guideline value of PERIYAR NAGAR (T.N.H.B) 61st STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 61st STREET

For a 1,000 sq.ft plot at the current rate, the 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, 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 further calculations.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 61st STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 61st 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 property registration in Korattur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The applicable rates are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to be aware of the guideline value as it directly impacts the overall cost of the transaction. Buyers should ensure they are informed about the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 61st STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 61st 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, starting from Rs 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 633% over the years.

What are the stamp duty and registration fees for property transactions?

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 Sub Registrar Office covers this street?

The Villivakkam Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 61st STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 61st STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 61st STREET is Mixed Type - II.