Guideline Value

Corporate

Guideline Value for SASTHA NAGAR 3rd STREET

₹2700/sq.ft.

The guideline value for Sastha Nagar 3rd 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 3rd Street

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SASTHA NAGAR 3rd STREET guideline value

The current guideline value of SASTHA NAGAR 3rd STREET in Korattur village is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Villivakkam Sub Registrar Office and is classified as Residential Class I Type - III.

How the guideline value of SASTHA NAGAR 3rd STREET has changed

The guideline value of SASTHA NAGAR 3rd STREET has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is an increase of 8% from the previous year's value of Rs 2,500 per sq.ft established in 2023. Prior to that, the guideline value remained unchanged from 2012 to 2023, with the 2012 revision also at Rs 2,500 per sq.ft.

Looking further back, the 2007 revision recorded a guideline value of Rs 600 per sq.ft. This represents a significant increase of 317% by the time of the 2012 revision. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 350%. The register does not have figures for the years 2017, 2003, or 2002 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that have 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. SASTHA NAGAR 3rd STREET's guideline value of Rs 2,700 per sq.ft is above this median, indicating its relative standing in the area.

Stamp duty and registration fee for property in SASTHA NAGAR 3rd 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, bringing the total fees to 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.

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

Which Sub Registrar Office covers SASTHA NAGAR 3rd STREET?

The SASTHA NAGAR 3rd STREET falls under 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 details.

How the guideline value is used when you buy or sell in Korattur

The guideline value plays a crucial role in the registration process when buying or selling property in Korattur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of SASTHA NAGAR 3rd STREET?

The current guideline value of SASTHA NAGAR 3rd 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%.

What is the land classification for SASTHA NAGAR 3rd STREET?

SASTHA NAGAR 3rd STREET is classified as Residential Class I Type - III.

Where can I find the registration office for SASTHA NAGAR 3rd STREET?

The registration office for SASTHA NAGAR 3rd STREET 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 SASTHA NAGAR 3rd STREET?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.