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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 66th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 66th 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) 66th Street

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PERIYAR NAGAR (T.N.H.B) 66th STREET guideline value

The current guideline value for PERIYAR NAGAR (T.N.H.B) 66th 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) 66th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 66th STREET has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this figure then decreased to Rs 2,680 per sq.ft in 2017. The value saw a notable increase to Rs 4,000 per sq.ft in 2023, followed by a further rise to the current value of Rs 4,400 per sq.ft in 2024.

Overall, the changes in the guideline value from 2007 to 2024 reflect a substantial increase of 633%. The increase from 2017 to 2023 was 49%, while the jump from 2023 to 2024 was 10%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that have a guideline value for 2024, 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) 66th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 66th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 66th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 66th 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 the registration process of property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When a property is registered, the higher of the guideline value or the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions, based on the current market conditions.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 66th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 66th 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 several changes, starting from Rs 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024. The most significant increase occurred between 2007 and 2012, where it rose by 567%.

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

The Villivakkam Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 66th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

The stamp duty rate for properties in PERIYAR NAGAR (T.N.H.B) 66th STREET is 7%. This is applied to the higher of the guideline value or the sale price during registration.

How many streets in Korattur have a guideline value?

There are 617 streets in Korattur under the Villivakkam SRO that have a guideline value for 2024, with values ranging from Rs 1,100 to Rs 8,200 per sq.ft.