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Guideline Value

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Guideline Value for T.N.H.B.PERIYAR NAGAR EAST AVENUE

₹7100/sq.ft.

The guideline value for T.n.h.b.periyar Nagar East Avenue in Korattur village (Villivakkam SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /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 T.n.h.b.periyar Nagar East Avenue

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T.N.H.B.Periyar Nagar East Avenue guideline value

The current guideline value of T.N.H.B.Periyar Nagar East Avenue is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Korattur village under the Villivakkam Sub Registrar Office. The land classification for this area is Residential Class I Type - I.

How the guideline value of T.N.H.B.Periyar Nagar East Avenue has changed

The guideline value for T.N.H.B.Periyar Nagar East Avenue has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 1,100 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2012 revision, followed by a decrease to Rs 4,355 per sq.ft in 2017. The value then rose to Rs 6,500 per sq.ft in 2023, before reaching the current rate of Rs 7,100 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 545%. The 2023 to 2024 change was +9%, while the increase from 2017 to 2023 was +49%. The 2012 to 2017 revision saw a decrease of 33%, and the 2007 to 2012 revision experienced a significant increase of 491%. The register has no figures for the years 2002 and 2003 for this street.

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. T.N.H.B.Periyar Nagar East Avenue's guideline value is above this median.

Stamp duty and registration fee for property in T.N.H.B.Periyar Nagar East Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, resulting in a total cost of Rs 6,39,000. 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 details.

Which Sub Registrar Office covers T.N.H.B.Periyar Nagar East Avenue?

The T.N.H.B.Periyar Nagar East Avenue 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 information.

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

The guideline value is a crucial factor in property transactions in Korattur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all parties adhere to the legal requirements set forth by the registration authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall costs involved in the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process in Korattur.

Frequently asked questions

What is the current guideline value of T.N.H.B.Periyar Nagar East Avenue?

The current guideline value of T.N.H.B.Periyar Nagar East Avenue is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,100 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, which is an overall increase of 545% over the years.

What is the median guideline value in Korattur?

The median guideline value in Korattur is Rs 2,500 per sq.ft, while T.N.H.B.Periyar Nagar East Avenue's current value is above this median.

What are the stamp duty and registration fees for property in T.N.H.B.Periyar Nagar East Avenue?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which office handles registrations for T.N.H.B.Periyar Nagar East Avenue?

The Villivakkam Sub Registrar Office handles registrations for T.N.H.B.Periyar Nagar East Avenue, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.