Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET

₹3300/sq.ft.

The guideline value for Sri Iyyappa Nagar (right Side Of 200feet Road) 4th Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹375 /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 Sri Iyyappa Nagar (right Side Of 200feet Road) 4th 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

SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET guideline value

The current guideline value of SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET is Rs 3,300 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 Special Type - III.

How the guideline value of SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET has changed

In the 2007 revision, the guideline value was Rs 375 per sq.ft. This figure saw a significant increase in the 2012 revision, rising to Rs 3,000 per sq.ft, marking a 700% increase. However, in the 2017 revision, the value dropped to Rs 2,010 per sq.ft, a decrease of 33%. The 2023 revision saw another increase to Rs 3,000 per sq.ft, followed by the current 2024 revision, which raised the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 780%. The register for the years 2002 and 2003 has no figure for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO with a 2024 guideline value range from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, positioning SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET above the median.

Stamp duty and registration fee for property in SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET?

The SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET is covered by 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 crucial factor when registering property transactions in Korattur. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the government receives the appropriate revenue from property sales.

When buyers and sellers engage in property transactions, the guideline value serves as a benchmark. The final registration costs will be based on the higher of the guideline value or the actual sale price, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET?

The current guideline value of SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 375 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 780% over the years.

What are the other streets in Korattur with the same guideline value?

Other streets in Korattur under the Villivakkam SRO also have a guideline value of Rs 3,300 per sq.ft for the year 2024, including SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 1st, 2nd, 3rd, 5th, 6th, and 7th STREETS.

What is the registration fee for property in SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET?

The registration fee for property in SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET is calculated based on the guideline value. For example, for a plot of 1,000 sq.ft, the registration fee would be Rs 66,000.

Where can I find the Sub Registrar Office for SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET?

The Sub Registrar Office covering SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information about your SRO online.