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Guideline Value

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Guideline Value for BALAJI NAGAR 4TH BLOCK 2RD STREET

₹1650/sq.ft.

The guideline value for Balaji Nagar 4th Block 2rd Street 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 2rd Street

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Balaji Nagar 4th Block 2rd Street guideline value

The current guideline value of Balaji Nagar 4th Block 2rd Street 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 4th Block 2rd Street has changed

The guideline value for Balaji Nagar 4th Block 2rd Street has undergone revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street in that year, nor in 2003, 2007, 2017, or 2023. The next available figure is from the 2012 revision, which set the guideline value at Rs 1,500 per sq.ft.

In the 2024 revision, the guideline value increased to Rs 1,650 per sq.ft, marking a change of +10% from the 2012 figure. This increase reflects the current valuation effective from 1 July 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 for these streets is Rs 1,650 per sq.ft, which is the same as the current value for Balaji Nagar 4th Block 2rd Street.

Stamp duty and registration fee for property in Balaji Nagar 4th Block 2rd Street

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. Duty is charged on the higher of the guideline value and 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 2rd Street?

The Sub Registrar Office that covers Balaji Nagar 4th Block 2rd 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 information.

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

The guideline value is a crucial factor during property registration in Pallikaranai. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that all transactions are conducted fairly and transparently.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 4th Block 2rd Street?

The current guideline value of Balaji Nagar 4th Block 2rd Street 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 available for the years 2003, 2007, 2017, and 2023.

What is the land classification for this area?

The land classification for Balaji Nagar 4th Block 2rd Street is Residential Class IV Type - I.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and registration fees at 2% of the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot would incur total fees of Rs 1,48,500.

Where can I find the Sub Registrar Office for Balaji Nagar 4th Block 2rd Street?

The Sub Registrar Office for Balaji Nagar 4th Block 2rd 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.