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Guideline Value

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Guideline Value for BALAJI NAGAR (120 FEET ROAD WEST SIDE)

₹4620/sq.ft.

The guideline value for Balaji Nagar (120 Feet Road West Side) in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4620 /sq.ft.
From 1-4-2023 ₹4200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2814 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹792 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹687 /sq.ft.
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 Nagar (120 Feet Road West Side)

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Balaji Nagar (120 Feet Road West Side) guideline value

The current guideline value of Balaji Nagar (120 Feet Road West Side) is Rs 4,620 per sq.ft. This area is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this location is Residential Class II Type - I.

How the guideline value of Balaji Nagar (120 Feet Road West Side) has changed

The guideline value for Balaji Nagar has seen several revisions over the years. In 2002, the value was Rs 687 per sq.ft, which increased to Rs 792 per sq.ft in 2003. Following this, there was a rise to Rs 1,000 per sq.ft in 2007, and a significant jump to Rs 4,200 per sq.ft in 2012. However, the value decreased to Rs 2,814 per sq.ft in 2017. The most recent revisions show an increase to Rs 4,200 per sq.ft in 2023, and the current value is Rs 4,620 per sq.ft effective from 1 July 2024.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has risen by 572% from 2002 to 2024.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value is Rs 4,620 per sq.ft, which is equal to the 2024 figure for Balaji Nagar (120 Feet Road West Side).

Stamp duty and registration fee for property in Balaji Nagar (120 Feet Road West Side)

For a 1,000 sq.ft plot at the current rate of Rs 4,620 per sq.ft, the guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, totaling Rs 4,15,800. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar (120 Feet Road West Side)?

The Sub Registrar Office that covers Balaji Nagar (120 Feet Road West Side) 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the buyer and seller must consider the guideline value for calculating applicable duties and fees. This value is essential for the calculation of stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Balaji Nagar (120 Feet Road West Side)?

The current guideline value of Balaji Nagar (120 Feet Road West Side) is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being an increase from Rs 4,200 per sq.ft in 2023 to Rs 4,620 per sq.ft in 2024. Overall, there has been a significant increase of 572% from 2002 to 2024.

What is the land classification for Balaji Nagar (120 Feet Road West Side)?

Balaji Nagar (120 Feet Road West Side) is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions in Balaji Nagar?

For a property valued at Rs 46,20,000, the stamp duty would be Rs 3,23,400, and the registration fee would be Rs 92,400, totaling Rs 4,15,800. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers the area of Balaji Nagar?

The Chennai South Joint I Sub Registrar Office covers Balaji Nagar (120 Feet Road West Side). The office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.