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Guideline Value

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Guideline Value for BALAJI NAGAR 3RD BLOCK 3RD STEET

₹1650/sq.ft.

The guideline value for Balaji Nagar 3rd Block 3rd Steet 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 3rd Steet

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Balaji Nagar 3rd Block 3rd Steet guideline value

The current guideline value for Balaji Nagar 3rd Block 3rd Steet 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 3rd Block 3rd Steet has changed

The guideline value for Balaji Nagar 3rd Block 3rd Steet has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 1,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,650 per sq.ft, marking a 10% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street. The only revisions that provide a guideline value are from 2012 and 2024.

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 across these streets is Rs 1,650 per sq.ft, which is the same as the current value for Balaji Nagar 3rd Block 3rd Steet.

Stamp duty and registration fee for property in Balaji Nagar 3rd Block 3rd Steet

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 be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar 3rd Block 3rd Steet?

The Sub Registrar Office that covers Balaji Nagar 3rd Block 3rd Steet 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 during the registration of property transactions in Pallikaranai. It serves as a reference for calculating the stamp duty and registration fees, which are mandatory for any property sale or purchase.

When you buy or sell property, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in determining the legal obligations of both buyers and sellers in the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar 3rd Block 3rd Steet?

The current guideline value of Balaji Nagar 3rd Block 3rd Steet 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, which is a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Balaji Nagar 3rd Block 3rd Steet?

The land classification for Balaji Nagar 3rd Block 3rd Steet is Residential Class IV Type - I. This classification indicates the type of development permissible in the area.

What is the median guideline value in Pallikaranai?

The median guideline value in Pallikaranai is Rs 1,650 per sq.ft. This median value is based on the guideline values of 749 streets under the Chennai South Joint I SRO.

How is the stamp duty calculated for properties in Balaji Nagar 3rd Block 3rd Steet?

Stamp duty for properties in Balaji Nagar 3rd Block 3rd Steet is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.