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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 68th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 68th 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) 68th Street

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PERIYAR NAGAR (T.N.H.B) 68th STREET guideline value

The current guideline value for PERIYAR NAGAR (T.N.H.B) 68th 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) 68th STREET has changed

Over the years, the guideline value for PERIYAR NAGAR (T.N.H.B) 68th STREET has seen significant changes. The 2007 revision set the value at Rs 600 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 567%. However, this value decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 633%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Korattur

Korattur village has a total of 617 streets under the Villivakkam SRO, with guideline values 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) 68th STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 68th 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. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 68th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 68th 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

When buying or selling property in Korattur, the guideline value serves as a benchmark for calculating stamp duty and registration fees. This value is crucial during the registration process, as it determines the amount payable to the government.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of the transaction. Knowing the current guideline value can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value for PERIYAR NAGAR (T.N.H.B) 68th STREET?

The current guideline value for PERIYAR NAGAR (T.N.H.B) 68th 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, reflecting an overall increase of 633% over this period.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 68th STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 68th STREET is Mixed Type - II.

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

The Villivakkam Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 68th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Korattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be calculated accordingly.