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Guideline Value

Corporate

Guideline Value for BALAJI NAGAR 1ST CROSS STREET

₹4620/sq.ft.

The guideline value for Balaji Nagar 1st Cross Street 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 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 Nagar 1st Cross Street

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Balaji Nagar 1st Cross Street guideline value

The current guideline value of Balaji Nagar 1st Cross Street is Rs 4,620 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Balaji Nagar 1st Cross Street has changed

The guideline value for Balaji Nagar 1st Cross Street has undergone several revisions over the years. In 2007, the value was at Rs 1,000 per sq.ft, which saw a significant increase to Rs 4,200 per sq.ft in 2012, marking a 320% rise. However, this value decreased to Rs 2,814 per sq.ft in 2017, reflecting a drop of 33%. The value then rose sharply to Rs 4,200 per sq.ft in 2023, before reaching the current rate of Rs 4,620 per sq.ft in 2024, a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 362%.

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 the same as the current value for Balaji Nagar 1st Cross Street.

Stamp duty and registration fee for property in Balaji Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value would be 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, making the total cost for these fees Rs 4,15,800. Please note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balaji Nagar 1st Cross Street?

The Sub Registrar Office that covers Balaji Nagar 1st Cross 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 more details.

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

The guideline value is an essential factor when registering property transactions in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the necessary fees, ensuring that both parties comply with the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Balaji Nagar 1st Cross Street?

The current guideline value of Balaji Nagar 1st Cross Street 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 seen various changes, starting from Rs 1,000 per sq.ft in 2007 to Rs 4,620 per sq.ft in 2024, which is an overall increase of 362%.

What is the median guideline value in Ekkaduthangal?

The median guideline value in Ekkaduthangal is Rs 4,620 per sq.ft, which is the same as the current value for Balaji Nagar 1st Cross Street.

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

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.

Which office handles registrations for Balaji Nagar 1st Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Balaji Nagar 1st Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.