Guideline Value

Corporate

Guideline Value for SASTHA NAGAR 1st STREET

₹2700/sq.ft.

The guideline value for Sastha Nagar 1st Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /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 Sastha Nagar 1st 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

SASTHA NAGAR 1st STREET guideline value

The current guideline value of SASTHA NAGAR 1st STREET is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the jurisdiction of the Villivakkam SRO, and is classified as Residential Class I Type - III.

How the guideline value of SASTHA NAGAR 1st STREET has changed

The guideline value for SASTHA NAGAR 1st STREET has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2012 revision. This figure remained unchanged through the 2023 revision, where it was still Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value rose to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 350%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

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, with a median value of Rs 2,500 per sq.ft. The guideline value of SASTHA NAGAR 1st STREET is above this median.

Stamp duty and registration fee for property in SASTHA NAGAR 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers SASTHA NAGAR 1st STREET?

The Sub Registrar Office that covers SASTHA NAGAR 1st 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 serves as a benchmark for determining the applicable stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of SASTHA NAGAR 1st STREET?

The current guideline value of SASTHA NAGAR 1st STREET is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 350% over the years.

What is the stamp duty for property in SASTHA NAGAR 1st STREET?

The stamp duty for property in SASTHA NAGAR 1st STREET is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Korattur?

The Villivakkam Sub Registrar Office handles property registrations in Korattur, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value used during property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher value between the guideline value and the sale price is considered for calculating these fees.