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Guideline Value

Corporate

Guideline Value for BALAJI NAGAR 4TH BLOCK 2RD MAIN ROAD

₹1650/sq.ft.

The guideline value for Balaji Nagar 4th Block 2rd 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 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 2rd Main Road

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Balaji Nagar 4th Block 2rd Main Road guideline value

The current guideline value for Balaji Nagar 4th Block 2rd Main Road is Rs 1,650 per sq.ft. This property is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Balaji Nagar 4th Block 2rd Main Road has changed

The guideline value for Balaji Nagar 4th Block 2rd Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was also Rs 1,500 per sq.ft, but with the latest 2024 revision, the guideline value increased to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO with a 2024 guideline value range from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which matches the current value for Balaji Nagar 4th Block 2rd Main Road.

Stamp duty and registration fee for property in Balaji Nagar 4th Block 2rd 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 amounts to 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 fees 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balaji Nagar 4th Block 2rd Main Road?

The Sub Registrar Office that covers Balaji Nagar 4th Block 2rd 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 a crucial factor in property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued during the sale.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the stamp duty and registration fees. This ensures compliance with the regulations set by the Registration Department, maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value for Balaji Nagar 4th Block 2rd Main Road?

The current guideline value for Balaji Nagar 4th Block 2rd Main Road is Rs 1,650 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2012 to 2023, before increasing to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

What is the land classification for Balaji Nagar 4th Block 2rd Main Road?

Balaji Nagar 4th Block 2rd Main Road is classified as Residential Class IV Type - I.

What is the registration office for this area?

The registration office for Balaji Nagar 4th Block 2rd 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.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value of a property for registration, which affects the stamp duty and registration fees. It ensures that properties are accurately valued during transactions, maintaining compliance with local regulations.