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Guideline Value

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Guideline Value for BALAJI NAGAR 4TH BLOCK 1ST MAIN ROAD

₹1650/sq.ft.

The guideline value for Balaji Nagar 4th Block 1st 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 4th Block 1st Main Road

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Balaji Nagar 4th Block 1st Main Road guideline value

The current guideline value of Balaji Nagar 4th Block 1st Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This road 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 4th Block 1st Main Road has changed

The guideline value for Balaji Nagar 4th Block 1st Main Road has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was set at Rs 1,500 per sq.ft. This figure was updated to Rs 1,650 per sq.ft in the 2024 revision, marking an increase of 10% over the 2012 value.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street. As such, 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 the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the 2024 guideline value of Balaji Nagar 4th Block 1st Main Road.

Stamp duty and registration fee for property in Balaji Nagar 4th Block 1st Main Road

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 amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar 4th Block 1st Main Road?

The Sub Registrar Office that covers Balaji Nagar 4th 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

When buying or selling property in Pallikaranai, the guideline value is a crucial factor in determining the registration fees and stamp duty. The guideline value acts as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value can affect the overall cost of buying or selling property, including additional fees based on the value determined by the registration office.

Frequently asked questions

What is the current guideline value of Balaji Nagar 4th Block 1st Main Road?

The current guideline value of Balaji Nagar 4th 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase. There are no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Balaji Nagar 4th Block 1st Main Road?

The land classification for Balaji Nagar 4th Block 1st Main Road is Residential Class IV Type - I.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at a rate of 7%.

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

The Sub Registrar Office for Balaji Nagar 4th 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.