Guideline Value

Corporate

Guideline Value for SASTHA NAGAR 4th STREET

₹2700/sq.ft.

The guideline value for Sastha Nagar 4th 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 4th Street

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SASTHA NAGAR 4th STREET guideline value

The current guideline value of SASTHA NAGAR 4th STREET is Rs 2,700 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 Residential Class I Type - III.

How the guideline value of SASTHA NAGAR 4th STREET has changed

The guideline value for SASTHA NAGAR 4th STREET has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, where it was again Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise 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 for this street in the register.

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 4th STREET is above this median.

Stamp duty and registration fee for property in SASTHA NAGAR 4th STREET

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total 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.

You can use the stamp duty and registration fee calculator for more information on costs.

Which Sub Registrar Office covers SASTHA NAGAR 4th STREET?

The Sub Registrar Office that covers SASTHA NAGAR 4th 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 additional details.

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

The guideline value is a critical factor when buying or selling property in Korattur, as it determines the minimum price at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the transaction process.

When a buyer approaches the registration office, the guideline value ensures that the property is not sold below a certain threshold, thereby maintaining a standard for property transactions in the area.

Frequently asked questions

What is the current guideline value of SASTHA NAGAR 4th STREET?

The current guideline value of SASTHA NAGAR 4th STREET is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2007 revision to the 2024 revision, the guideline value has increased by 350%. The most recent increase was from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,43,000. This includes a stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000.

Which Sub Registrar Office should I visit for property registration?

The Villivakkam Sub Registrar Office is responsible for property registration in SASTHA NAGAR 4th STREET. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of SASTHA NAGAR 4th STREET?

The land classification for SASTHA NAGAR 4th STREET is Residential Class I Type - III, indicating it is designated for residential purposes.