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Guideline Value

Corporate

Guideline Value for BALAJI NAGAR 1ST MAIN ROAD

₹4620/sq.ft.

The guideline value for Balaji Nagar 1st Main Road 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 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 Nagar 1st Main Road

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Balaji Nagar 1st Main Road guideline value

The current guideline value of Balaji Nagar 1st Main Road 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 Main Road has changed

The guideline value for Balaji Nagar 1st Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,620 per sq.ft, which is an increase from the 2023 revision of Rs 4,200 per sq.ft, marking a change of +10%. Looking further back, the 2017 revision recorded a value of Rs 2,814 per sq.ft, reflecting a significant increase of +49% from that year to 2023. In contrast, the 2012 revision also recorded a value of Rs 4,200 per sq.ft, which was a decrease of -33% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +10%. The register has no figures for the years 2002, 2003, and 2007 regarding this street.

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 for these streets is Rs 4,620 per sq.ft, which is equal to the current value for Balaji Nagar 1st Main Road.

Stamp duty and registration fee for property in Balaji Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value amounts to Rs 46,20,000. The stamp duty, charged at 7%, would be Rs 3,23,400, while the registration fee at 2% would be Rs 92,400, bringing the total fees together to Rs 4,15,800. It is important to note that 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 Nagar 1st Main Road?

The Sub Registrar Office that covers Balaji Nagar 1st Main Road 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 a crucial factor in the registration process when buying or selling property in Ekkaduthangal. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 1st Main Road?

The current guideline value of Balaji Nagar 1st Main Road is Rs 4,620 per sq.ft, effective from 1 July 2024. This value is set by the Chennai South Joint I SRO.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2023 to Rs 4,620 per sq.ft in 2024, a +10% increase. It was Rs 2,814 per sq.ft in 2017, reflecting a +49% increase to 2023.

What is the land classification for Balaji Nagar 1st Main Road?

The land classification for Balaji Nagar 1st Main Road is Residential Class II Type - I. This classification is important for understanding the type of development allowed in the area.

Where can I find the Sub Registrar Office for Balaji Nagar 1st Main Road?

The Sub Registrar Office for Balaji Nagar 1st Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. This office handles all registration related to properties in the area.

What fees are associated with buying property in Balaji Nagar 1st Main Road?

When buying property in Balaji Nagar 1st Main Road, you will need to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees can amount to Rs 4,15,800.