Guideline Value

Corporate

Guideline Value for BALAJI 1ST BLOCK 2ND STREET

₹1650/sq.ft.

The guideline value for Balaji 1st Block 2nd Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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
044-29510536
[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 Balaji 1st Block 2nd Street

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Balaji 1st Block 2nd Street guideline value

The current guideline value of Balaji 1st Block 2nd Street is Rs 1,650 per sq.ft. It is located in Pallikaranai village, under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Balaji 1st Block 2nd Street has changed

The guideline value for Balaji 1st Block 2nd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 1,500 per sq.ft. The previous revision in 2012 also had the value at Rs 1,500 per sq.ft, indicating no change from 2012 to 2023. There are no figures available in the register for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The consistent value of Rs 1,500 per sq.ft from 2012 to 2023 shows stability in this period, while the latest revision reflects a notable adjustment in the current market.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value is Rs 1,650 per sq.ft, which is the same as the current guideline value for Balaji 1st Block 2nd Street. Below are some other streets in Pallikaranai with their respective guideline values:

Stamp duty and registration fee for property in Balaji 1st Block 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji 1st Block 2nd Street?

The Sub Registrar Office that covers Balaji 1st Block 2nd Street is the Chennai South Joint I 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable charges. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the sale price, which means that understanding the guideline value is essential for accurate financial planning during a property transaction.

Frequently asked questions

What is the current guideline value for Balaji 1st Block 2nd Street?

The current guideline value for Balaji 1st Block 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. There was no change in the value from 2012 to 2023, as it remained at Rs 1,500 per sq.ft.

What is the land classification for Balaji 1st Block 2nd Street?

The land classification for Balaji 1st Block 2nd Street is Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Balaji 1st Block 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property with a guideline value of Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.