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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B) 72nd STREET

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b) 72nd 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 N/A
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) 72nd Street

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PERIYAR NAGAR (T.N.H.B) 72nd STREET guideline value

The current guideline value of PERIYAR NAGAR (T.N.H.B) 72nd 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) 72nd STREET has changed

The guideline value for PERIYAR NAGAR (T.N.H.B) 72nd STREET has seen several revisions over the years. In 2012, the guideline value was Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 4,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 4,400 per sq.ft, marking a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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, placing the guideline value of PERIYAR NAGAR (T.N.H.B) 72nd STREET above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR (T.N.H.B) 72nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PERIYAR NAGAR (T.N.H.B) 72nd STREET?

The Sub Registrar Office covering PERIYAR NAGAR (T.N.H.B) 72nd 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 critical factor when registering property transactions in Korattur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for any property sale or purchase. This ensures that the government receives the appropriate revenue from real estate transactions.

When buying or selling property, it is essential to be aware of the current guideline value as it may affect the overall cost of the transaction. Buyers should ensure they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR (T.N.H.B) 72nd STREET?

The current guideline value of PERIYAR NAGAR (T.N.H.B) 72nd 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 from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, an increase of 10%. It was Rs 2,680 per sq.ft in 2017, showing a 49% increase to 2023.

What is the land classification for this street?

The land classification for PERIYAR NAGAR (T.N.H.B) 72nd STREET is Mixed Type - II.

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

The Sub Registrar Office for PERIYAR NAGAR (T.N.H.B) 72nd STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties 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 is Rs 44,00,000, leading to a stamp duty of Rs 3,08,000.