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Guideline Value

Corporate

Guideline Value for BALAJI NAGAR 3RD BLOCK 2ND MAIN ROAD

₹1650/sq.ft.

The guideline value for Balaji Nagar 3rd Block 2nd Main Road in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 2nd Main Road

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Balaji Nagar 3rd Block 2nd Main Road guideline value

The current guideline value for Balaji Nagar 3rd Block 2nd Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, with a land classification of Residential Class IV Type - I.

How the guideline value of Balaji Nagar 3rd Block 2nd Main Road has changed

The guideline value for Balaji Nagar 3rd Block 2nd Main Road has seen a change from Rs 1,500 per sq.ft in the 2012 revision to Rs 1,650 per sq.ft in the 2024 revision, marking an increase of 10%. The register has no figures for the years 2003, 2002, 2007, 2017, and 2023.

Prior to the 2012 revision, the guideline value was Rs 1,500 per sq.ft. The changes from previous revisions have not been specified in the register for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft, with the median being Rs 1,650 per sq.ft. Balaji Nagar 3rd Block 2nd Main Road's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Balaji Nagar 3rd Block 2nd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be 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 2nd Main Road?

The Sub Registrar Office covering Balaji Nagar 3rd 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 plays a crucial role in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Balaji Nagar 3rd Block 2nd Main Road?

The current guideline value for Balaji Nagar 3rd Block 2nd Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, which is a 10% increase. The register has no figures for several years, including 2002, 2003, 2007, 2017, and 2023.

What are the guideline values for other streets in Pallikaranai?

Other streets in Pallikaranai under the Chennai South Joint I SRO have a guideline value of Rs 1,650 per sq.ft for the year 2024, aligning with the median value for the area.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7%. This is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Balaji Nagar 3rd Block 2nd Main Road?

The Sub Registrar Office for Balaji Nagar 3rd 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.