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Guideline Value

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Guideline Value for BALAJI NAGAR 3RD BLOCK 1ST MAIN ROAD

₹1650/sq.ft.

The guideline value for Balaji Nagar 3rd Block 1st 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 3rd Block 1st Main Road

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Balaji Nagar 3rd Block 1st Main Road guideline value

The current guideline value of Balaji Nagar 3rd Block 1st Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Pallikaranai village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of Balaji Nagar 3rd Block 1st Main Road has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. The value then saw a significant increase to Rs 1,500 per sq.ft in the 2023 revision, followed by another increase to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The 2023 revision showed an increase of 49% from the 2017 revision. There are no figures available for the years 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 is Rs 1,650 per sq.ft, which is equal to the current value of Balaji Nagar 3rd Block 1st Main Road.

Stamp duty and registration fee for property in Balaji Nagar 3rd Block 1st Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 3rd Block 1st Main Road?

The Sub Registrar Office covering Balaji Nagar 3rd Block 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 information.

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

The guideline value is an essential factor when registering property in Pallikaranai. It determines the minimum value at which a property can be registered and is used to calculate applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded fairly and transparently. It helps in establishing a standard value for properties in the area, making the registration process smoother for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Balaji Nagar 3rd Block 1st Main Road?

The current guideline value of Balaji Nagar 3rd Block 1st 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 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the stamp duty for properties in Balaji Nagar 3rd Block 1st Main Road?

The stamp duty for properties in Balaji Nagar 3rd Block 1st Main Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Balaji Nagar 3rd Block 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.

What is the land classification for Balaji Nagar 3rd Block 1st Main Road?

The land classification for Balaji Nagar 3rd Block 1st Main Road is Residential Class IV Type - I.