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Guideline Value

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Guideline Value for BALAJI NAGAR 3RD CROSS STREET

₹1660/sq.ft.

The guideline value for Balaji Nagar 3rd Cross Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1660 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1660 /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 Cross Street

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Balaji Nagar 3rd Cross Street guideline value

The current guideline value of Balaji Nagar 3rd Cross Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Balaji Nagar 3rd Cross Street has changed

The guideline value for Balaji Nagar 3rd Cross Street has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was set at Rs 1,500 per sq.ft. This figure remained the same until the next revision in 2017, which saw a decrease to Rs 1,005 per sq.ft, marking a drop of 33%. In 2023, the value increased significantly to Rs 1,500 per sq.ft, and the latest revision in 2024 has raised it further to Rs 1,660 per sq.ft, reflecting an increase of 11% from the previous year.

Between the revisions, the most notable change occurred from 2017 to 2023, where the value jumped by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,660 per sq.ft, which is equal to the current figure for Balaji Nagar 3rd Cross Street.

Stamp duty and registration fee for property in Balaji Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value would be Rs 16,60,000. The stamp duty at 7% would amount to Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, bringing the total to Rs 1,49,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balaji Nagar 3rd Cross Street?

The Sub Registrar Office that covers Balaji Nagar 3rd Cross Street 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vanagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. The fees are charged based on the higher of the guideline value or the sale price, which helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 3rd Cross Street?

The current guideline value of Balaji Nagar 3rd Cross Street is Rs 1,660 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 1,660 per sq.ft in 2024.

What is the land classification for Balaji Nagar 3rd Cross Street?

The land classification for Balaji Nagar 3rd Cross Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Balaji Nagar 3rd Cross Street?

The Sub Registrar Office for Balaji Nagar 3rd Cross Street 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 Balaji Nagar 3rd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,60,000, the stamp duty would be Rs 1,16,200 at a rate of 7%.