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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 62nd STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 62nd 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 N/A
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) 62nd Street

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PERIYAR NAGAR (T.N.H.B) 62nd STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 62nd 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 land.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 62nd STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 62nd STREET has undergone several revisions over the years. The 2007 revision recorded a guideline value of Rs 600 per sq.ft, which saw a significant increase to Rs 4,000 per sq.ft in the 2012 revision. This value remained unchanged until the 2023 revision, which set it at Rs 4,000 per sq.ft again. The most recent revision in 2024 has increased the guideline value to Rs 4,400 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 633%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, placing the 2024 figure for PERIYAR NAGAR (T.N.H.B) 62nd STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 62nd 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 62nd STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 62nd 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 information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Korattur, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties comply with local regulations.

Additionally, the guideline value serves as a reference point for property transactions, providing transparency and consistency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for PERIYAR NAGAR (T.N.H.B) 62nd STREET?

The current guideline value for PERIYAR NAGAR (T.N.H.B) 62nd 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 seen significant changes, from Rs 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 633% over the years.

Which Sub Registrar Office covers this area?

The Villivakkam Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 62nd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for a property here?

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.

What is the land classification for this street?

PERIYAR NAGAR (T.N.H.B) 62nd STREET is classified as Mixed Type - II land, which may indicate a mix of residential and commercial uses.