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Guideline Value

Corporate

Guideline Value for BALAJI NAGAR 2ND MAIN ROAD

₹4620/sq.ft.

The guideline value for Balaji Nagar 2nd 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 2nd Main Road

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Balaji Nagar 2nd Main Road guideline value

The current guideline value of Balaji Nagar 2nd 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 2nd Main Road has changed

Over the years, the guideline value for Balaji Nagar 2nd Main Road has seen several revisions. The earliest recorded value is from 2012, which was Rs 4,200 per sq.ft. This figure remained unchanged until 2017 when it dropped to Rs 2,814 per sq.ft. Following this, the value increased significantly to Rs 4,200 per sq.ft in 2023, and then to the current value of Rs 4,620 per sq.ft in 2024.

The changes between revisions highlight a 10% increase from 2023 to 2024, and a substantial 49% increase from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

Ekkaduthangal has a total of 190 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, which is the same as the current value for Balaji Nagar 2nd Main Road.

Stamp duty and registration fee for property in Balaji Nagar 2nd 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 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. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Balaji Nagar 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 Ekkaduthangal

The guideline value plays a crucial role in property transactions in Ekkaduthangal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of property transactions. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of Balaji Nagar 2nd Main Road 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 changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,620 per sq.ft in 2024.

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

The land classification for Balaji Nagar 2nd Main Road is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Balaji Nagar 2nd Main Road?

The Sub Registrar Office for Balaji Nagar 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.

How is the stamp duty calculated for properties in Ekkaduthangal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at a guideline value of Rs 46,20,000, the stamp duty would be calculated at 7% of this amount.