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

Guideline Value

Corporate

Guideline Value for SUBBULAKSHMI NAGAR 2nd STREET

₹2100/sq.ft.

The guideline value for Subbulakshmi Nagar 2nd Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 2100 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2100 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Subbulakshmi Nagar 2nd 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

SUBBULAKSHMI NAGAR 2nd STREET guideline value

The current guideline value of SUBBULAKSHMI NAGAR 2nd STREET is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of SUBBULAKSHMI NAGAR 2nd STREET has changed

The guideline value for SUBBULAKSHMI NAGAR 2nd STREET has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 233% rise. However, the value then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The 2023 revision brought it back up to Rs 2,000 per sq.ft, and the latest revision in 2024 has set it at Rs 2,100 per sq.ft, reflecting a 5% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 250%.

Guideline values in Korattur

In Korattur, the guideline values for 617 streets under the Villivakkam SRO range 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 for SUBBULAKSHMI NAGAR 2nd STREET is below this median.

Stamp duty and registration fee for property in SUBBULAKSHMI NAGAR 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SUBBULAKSHMI NAGAR 2nd STREET?

The Sub Registrar Office that covers SUBBULAKSHMI NAGAR 2nd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 in the registration process when buying or selling property in Korattur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of SUBBULAKSHMI NAGAR 2nd STREET?

The current guideline value of SUBBULAKSHMI NAGAR 2nd STREET is Rs 2,100 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 2,100 per sq.ft in 2024, reflecting a total increase of 250% over the years.

What is the registration office for this street?

The Villivakkam Sub Registrar Office covers SUBBULAKSHMI NAGAR 2nd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 at 7%.

What are the guideline values of other streets in Korattur?

Other streets in Korattur also have guideline values set at Rs 2,100 per sq.ft, including SUBBULAKSHMI NAGAR 1st STREET, 3rd STREET, 4th STREET, and Subbulakshmi Nagar Extention.