Guideline Value for THANTHAI PERIYAR NAGAR 'ANNA STREET'

Thanthai Periyar Nagar 'anna Street' guideline value

The current guideline value for Thanthai Periyar Nagar 'anna Street' is Rs 1,600 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 III Type - III.

How the guideline value of Thanthai Periyar Nagar 'anna Street' has changed

In the 2012 revision, the guideline value for Thanthai Periyar Nagar 'anna Street' was Rs 1,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 1,600 per sq.ft, marking a 7% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 7%.

The register does not have figures for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft as of 2024. The median guideline value in this area is Rs 2,500 per sq.ft, which means that the guideline value for Thanthai Periyar Nagar 'anna Street' is below this median.

• Thanthai Periyar Nagar 'ambedkar Street': Rs 1,600 per sq.ft (2024)
• Thanthai Periyar Nagar 'm.G.R.Street': Rs 1,600 per sq.ft (2024)
• Thanthai Periyar Nagar 'nagathamman Koil Street': Rs 1,600 per sq.ft (2024)
• Thathankuppam Main Road: Rs 1,600 per sq.ft (2024)
• Thayamma Nagar: Rs 1,300 per sq.ft (2024)
• Theepanchiamman Nagar/ Extension: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Nagar 'anna Street'

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanthai Periyar Nagar 'anna Street'?

The Sub Registrar Office that covers Thanthai Periyar Nagar 'anna 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 information.

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

The guideline value is an essential factor during the registration of property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value for Thanthai Periyar Nagar 'anna Street'?

The current guideline value for Thanthai Periyar Nagar 'anna Street' is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thanthai Periyar Nagar 'anna Street' was Rs 1,500 per sq.ft in 2012 and remained the same in 2023. It increased to Rs 1,600 per sq.ft in 2024, resulting in a 7% increase from the previous year.

Which Sub Registrar Office manages properties in Korattur?

The Villivakkam Sub Registrar Office manages properties in Korattur, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty rates for properties in Thanthai Periyar Nagar 'anna Street'?

The stamp duty for properties in Thanthai Periyar Nagar 'anna Street' is charged at a rate of 7% of the guideline value or the sale price, whichever is higher.

What is the land classification for Thanthai Periyar Nagar 'anna Street'?

Thanthai Periyar Nagar 'anna Street' is classified as Residential Class III Type - III, indicating its designation for residential use.