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Guideline Value

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Guideline Value for BALAJI NAGAR 2ND BLOCK 2ND MAIN ROAD

₹1650/sq.ft.

The guideline value for Balaji Nagar 2nd Block 2nd Main Road 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 ₹1005 /sq.ft.
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 Nagar 2nd Block 2nd Main Road

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Balaji Nagar 2nd Block 2nd Main Road guideline value

The current guideline value of Balaji Nagar 2nd Block 2nd Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024. 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 Nagar 2nd Block 2nd Main Road has changed

The guideline value for Balaji Nagar 2nd Block 2nd Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. However, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the current 2024 revision further increased it to Rs 1,650 per sq.ft. The changes from 2012 to 2024 show an overall increase of 10%.

Specifically, from 2023 to 2024, the guideline value increased by 10%. Between the 2017 and 2023 revisions, there was a significant increase of 49%. The 2012 to 2017 period saw a decrease of 33%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current value for Balaji Nagar 2nd Block 2nd Main Road.

Stamp duty and registration fee for property in Balaji Nagar 2nd Block 2nd Main Road

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 amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balaji Nagar 2nd Block 2nd Main Road?

The Sub Registrar Office that covers Balaji Nagar 2nd Block 2nd 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 information.

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

The guideline value is a crucial factor in property transactions in Pallikaranai, as it determines the minimum value at which properties can be registered. When buying or selling property, the registration fee and stamp duty are calculated based on this guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 2nd Block 2nd Main Road?

The current guideline value of Balaji Nagar 2nd Block 2nd Main Road 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 2012 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 10%. The most significant change occurred between 2017 and 2023, with a 49% increase.

What is the land classification for Balaji Nagar 2nd Block 2nd Main Road?

The land classification for Balaji Nagar 2nd Block 2nd Main Road is Residential Class IV Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office covering Balaji Nagar 2nd Block 2nd Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for property transactions?

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 at 7% would be Rs 1,15,500.