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Guideline Value

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Guideline Value for BALABIGAI NAGAR ALL CROSS STREETS

₹3100/sq.ft.

The guideline value for Balabigai Nagar All Cross Streets in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Balabigai Nagar All Cross Streets

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Balabigai Nagar All Cross Streets guideline value

The current guideline value of Balabigai Nagar All Cross Streets is Rs 3,100 per sq.ft, effective from 1 July 2024. This area is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Balabigai Nagar All Cross Streets has changed

The guideline value for Balabigai Nagar All Cross Streets has seen several revisions over the years. The earliest recorded value was Rs 1,100 per sq.ft in 2007. This figure increased significantly to Rs 2,800 per sq.ft in 2012, marking a rise of 155%. However, there was a decrease to Rs 1,876 per sq.ft in 2017, reflecting a drop of 33%. The value then rose sharply to Rs 2,800 per sq.ft in 2023, followed by the current value of Rs 3,100 per sq.ft in 2024, which is an increase of 11% from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 182%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, which is the same as the current figure for Balabigai Nagar All Cross Streets.

Stamp duty and registration fee for property in Balabigai Nagar All Cross Streets

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, totaling Rs 2,79,000. It is important to note that 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 Balabigai Nagar All Cross Streets?

The Sub Registrar Office covering Balabigai Nagar All Cross Streets is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with legal requirements. This value helps in calculating the taxes owed to the government, ensuring that both parties are aware of the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Balabigai Nagar All Cross Streets?

The current guideline value of Balabigai Nagar All Cross Streets is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,100 per sq.ft in 2024, showing an overall increase of 182% over the years.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,79,000.

Which office handles registrations for Balabigai Nagar All Cross Streets?

The Chennai South Joint II Sub Registrar Office handles registrations for Balabigai Nagar All Cross Streets, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the stamp duty and registration fees during property transactions. It ensures that both buyers and sellers understand the financial obligations involved in the sale.