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Guideline Value

Corporate

Guideline Value for BALAJI 1ST BLOCK 3RD STREET

₹1650/sq.ft.

The guideline value for Balaji 1st Block 3rd 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 3rd Street

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Balaji 1st Block 3rd Street guideline value

The current guideline value of Balaji 1st Block 3rd Street is Rs 1,650 per sq.ft. This street is located in Pallikaranai village and falls 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 3rd Street has changed

Looking at the revisions, the guideline value for Balaji 1st Block 3rd Street has remained stable at Rs 1,500 per sq.ft from the 2012 revision until the 2023 revision. In 2023, the guideline value was revised to Rs 1,500 per sq.ft, showing no change from the previous revision. However, in the 2024 revision, the guideline value increased to Rs 1,650 per sq.ft, marking a 10% increase from the 2023 figure.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street.

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 for these streets is Rs 1,650 per sq.ft, which is the same as the current guideline value for Balaji 1st Block 3rd Street.

Stamp duty and registration fee for property in Balaji 1st Block 3rd Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to 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, making the total Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji 1st Block 3rd Street?

The Sub Registrar Office covering Balaji 1st Block 3rd 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, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property in Pallikaranai. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction takes place.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji 1st Block 3rd Street?

The current guideline value of Balaji 1st Block 3rd Street is Rs 1,650 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2012 to 2023, then increased to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification for Balaji 1st Block 3rd Street?

The land classification for Balaji 1st Block 3rd Street is Residential Class IV Type - I.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Balaji 1st Block 3rd Street, 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 Balaji 1st Block 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.