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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 64th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 64th 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 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) 64th Street

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PERIYAR NAGAR (T.N.H.B) 64th STREET guideline value

The current guideline value for PERIYAR NAGAR (T.N.H.B) 64th 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. The land classification for this area is Mixed Type - II.

How the guideline value of PERIYAR NAGAR (T.N.H.B) 64th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 64th STREET has seen significant changes over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, reflecting a change of +567%. The latest revision in 2024 shows a further increase to Rs 4,400 per sq.ft, marking a +10% change from the previous figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +633%. It is important to note that there are no figures available for the years 2002, 2003, 2017, and 2023 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. The guideline value for PERIYAR NAGAR (T.N.H.B) 64th STREET is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 64th STREET

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, 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, bringing the total to Rs 3,96,000. Please 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 details.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 64th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 64th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 an essential factor in the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value for PERIYAR NAGAR (T.N.H.B) 64th STREET?

The current guideline value for PERIYAR NAGAR (T.N.H.B) 64th 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 increased 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.

Are there any years with no guideline value figures for this street?

Yes, the register has no figures for the years 2002, 2003, 2017, and 2023 for PERIYAR NAGAR (T.N.H.B) 64th STREET.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 64th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.