Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for PERIYAR NAGAR (T.N.H.B) 6th STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 6th 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) 6th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

PERIYAR NAGAR (T.N.H.B) 6th STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 6th 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) 6th STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 6th STREET has seen significant changes over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 567%. This figure remained unchanged until the 2023 revision, where it stayed at Rs 4,000 per sq.ft. The latest revision in 2024 has raised the guideline value to Rs 4,400 per sq.ft, reflecting a 10% increase 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 does not have 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 for these streets is Rs 2,500 per sq.ft, making the 2024 figure for PERIYAR NAGAR (T.N.H.B) 6th STREET above the median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 6th 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 higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 6th STREET?

The Sub Registrar Office that covers PERIYAR NAGAR (T.N.H.B) 6th 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 plays a crucial role during the registration of property transactions in Korattur. It is the minimum value set by the government for property transactions and is used to calculate the stamp duty and registration fees applicable to the property.

When buying or selling property, the guideline value ensures that the transaction is registered at a value that reflects the current market conditions, safeguarding both the buyer and seller's interests. It is essential to be aware of the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 6th STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 6th 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 a total increase of 633% over the years.

What is the land classification for PERIYAR NAGAR (T.N.H.B) 6th STREET?

The land classification for PERIYAR NAGAR (T.N.H.B) 6th STREET is Mixed Type - II.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 6th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is 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, on a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.