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Guideline Value for SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET

₹3300/sq.ft.

The guideline value for Sri Iyyappa Nagar (right Side Of 200feet Road) 6th 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) 6th Street

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SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET guideline value

The current guideline value of SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th 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) 6th STREET has changed

In the 2007 revision, the guideline value was Rs 375 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a rise of 700%. However, the value saw a decrease to Rs 2,010 per sq.ft in the 2017 revision, which was a drop of 33%. The guideline value then increased to Rs 3,000 per sq.ft in the 2023 revision, followed by another rise to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase. The register has no figure for this street in 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 780%. The changes between the revisions highlight the fluctuations in property values for this street over the years.

Guideline values in Korattur

Korattur village has a total of 617 streets under the Villivakkam SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for the area is Rs 2,500 per sq.ft, placing SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET above this median.

Stamp duty and registration fee for property in SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET?

The Sub Registrar Office that covers SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th 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 details.

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

The guideline value is a crucial factor during property registration in Korattur. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared with the sale price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. This process helps maintain transparency in property transactions and prevents undervaluation.

Frequently asked questions

What is the current guideline value of SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET?

The current guideline value of SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th 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, representing an overall increase of 780% over the years.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET?

The Villivakkam Sub Registrar Office handles registrations for SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET?

The land classification for SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET is Residential Special Type - III.