Guideline Value

Corporate

Guideline Value for BALAJI NAGAR MAIN ROAD

₹4620/sq.ft.

The guideline value for Balaji Nagar Main Road in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4620 /sq.ft.
From 1-4-2023 ₹4200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2814 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹792 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹687 /sq.ft.
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 Main Road

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Balaji Nagar Main Road guideline value

The current guideline value of Balaji Nagar Main Road is Rs 4,620 per sq.ft, effective from 1 July 2024. This road is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Balaji Nagar Main Road has changed

The guideline value for Balaji Nagar Main Road has undergone several revisions over the years. In 2002, the guideline value was Rs 687 per sq.ft. This increased to Rs 792 per sq.ft in 2003, marking a rise of 15%. The value saw further growth, reaching Rs 1,000 per sq.ft in 2007, which was an increase of 26%. By 2012, the guideline value was Rs 4,200 per sq.ft, reflecting a significant rise of 320% from the previous revision. However, it then decreased to Rs 2,814 per sq.ft in 2017, a drop of 33%.

In the following years, the value rose again, reaching Rs 4,200 per sq.ft in 2023, and subsequently increased by 10% to the current value of Rs 4,620 per sq.ft in 2024. The overall change from 2002 to 2024 shows a substantial increase of 572% in the guideline value for this road.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, which is equal to the current guideline value of Balaji Nagar Main Road.

Stamp duty and registration fee for property in Balaji Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400. The total cost for these fees would be Rs 4,15,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar Main Road?

The Sub Registrar Office that covers Balaji Nagar 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 Ekkaduthangal

The guideline value is a crucial factor in the registration process when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value can influence the overall transaction costs, including stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the applicable duties and fees. It is essential for both parties to understand that the registration office will charge fees based on the higher of the guideline value or the sale price, ensuring that the correct amounts are paid during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar Main Road?

The current guideline value of Balaji Nagar Main Road is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 687 per sq.ft in 2002 to Rs 4,620 per sq.ft in 2024, reflecting an overall increase of 572% over this period.

What are the stamp duty and registration fees for property in Balaji Nagar Main Road?

For a property valued at Rs 46,20,000, the stamp duty would be Rs 3,23,400 and the registration fee would be Rs 92,400, totaling Rs 4,15,800.

Which Sub Registrar Office covers Balaji Nagar Main Road?

The Chennai South Joint I Sub Registrar Office covers Balaji Nagar Main Road, 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 as a benchmark for determining the minimum value for property registration. It affects the calculation of stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.