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Guideline Value

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Guideline Value for PERIYAR NAGAR (T.N.H.B.COMMERCIAL PLOT.603A)

₹4400/sq.ft.

The guideline value for Periyar Nagar (t.n.h.b.commercial Plot.603a) 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 ₹800 /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.commercial Plot.603a)

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Periyar Nagar (T.N.H.B.Commercial Plot.603a) guideline value

The current guideline value for Periyar Nagar (T.N.H.B.Commercial Plot.603a) is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Korattur village, under the jurisdiction of the Villivakkam SRO, and is classified as Mixed Type - II land.

How the guideline value of Periyar Nagar (T.N.H.B.Commercial Plot.603a) has changed

The guideline value for this property has seen significant changes over the years. In the 2007 revision, the value was Rs 800 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a 400% increase. However, in 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The 2023 revision saw it rise to Rs 4,000 per sq.ft, and the current 2024 revision has further increased it to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%.

Guideline values in Korattur

In Korattur, the guideline values vary widely, with figures ranging from Rs 1,100 to Rs 8,200 per sq.ft as of 2024. The median guideline value for the village is Rs 2,500 per sq.ft, positioning the 2024 figure for Periyar Nagar (T.N.H.B.Commercial Plot.603a) above this median.

Stamp duty and registration fee for property in Periyar Nagar (T.N.H.B.Commercial Plot.603a)

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 fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Nagar (T.N.H.B.Commercial Plot.603a)?

The Sub Registrar Office that covers Periyar Nagar (T.N.H.B.Commercial Plot.603a) is the Villivakkam Sub Registrar Office. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 properties in Korattur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the actual sale price of the property.

When selling a property, the guideline value ensures that the transaction is recorded at a fair value as per government regulations. This helps maintain transparency in property transactions, ensuring that both buyers and sellers are aware of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value for Periyar Nagar (T.N.H.B.Commercial Plot.603a)?

The current guideline value for Periyar Nagar (T.N.H.B.Commercial Plot.603a) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, from Rs 800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 450%.

What is the land classification for this property?

The land classification for Periyar Nagar (T.N.H.B.Commercial Plot.603a) is Mixed Type - II.

Where can I find the registration office for this property?

The registration office for Periyar Nagar (T.N.H.B.Commercial Plot.603a) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Korattur?

Stamp duty for properties in Korattur is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.