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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 65th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 65th 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) 65th Street

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PERIYAR NAGAR (T.N.H.B) 65th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 65th 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) 65th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 65th STREET has undergone several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft. This increased significantly by 567% to Rs 4,000 per sq.ft in 2012. However, in 2017, the value dropped by 33% to Rs 2,680 per sq.ft. The following revision in 2023 saw a substantial increase of 49%, bringing the value to Rs 4,000 per sq.ft. The most recent revision in 2024 has raised the guideline value by 10% to Rs 4,400 per sq.ft.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

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. The median value for these streets is Rs 2,500 per sq.ft, making the 2024 guideline value of PERIYAR NAGAR (T.N.H.B) 65th STREET above that median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 65th 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, totaling 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) 65th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 65th 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 a crucial factor in property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. The guideline value ensures that the government receives appropriate revenue from property transactions.

When you register a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 65th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 65th 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 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 633% over the years.

What is the land classification of PERIYAR NAGAR (T.N.H.B) 65th STREET?

PERIYAR NAGAR (T.N.H.B) 65th STREET is classified as Mixed Type - II.

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

The Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 65th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000.