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Guideline Value

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Guideline Value for BALAJI NAGAR VIRIVAKKAM

₹700/sq.ft.

The guideline value for Balaji Nagar Virivakkam in Ponneri village (Ponneri SRO, Chennai zone) is Rs 700 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ponneri

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹700 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹53 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹46 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Virivakkam

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Balaji Nagar Virivakkam guideline value

The current guideline value for Balaji Nagar in Virivakkam is Rs 700 per sq.ft, effective from 1 July 2024. This falls under Ponneri village, governed by the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Balaji Nagar Virivakkam has changed

The guideline value for Balaji Nagar has seen several revisions over the years. In 2002, the value was Rs 46 per sq.ft, which increased to Rs 53 per sq.ft in 2003. The next recorded revision was in 2012, when the value rose to Rs 500 per sq.ft, but it decreased to Rs 469 per sq.ft in 2017. The 2023 revision maintained the value at Rs 700 per sq.ft, which remained unchanged in the 2024 revision.

From 2002 to 2024, the overall increase in the guideline value is a significant 1422%. The changes between specific revisions include a 15% increase from 2002 to 2003, an 843% increase from 2003 to 2012, a 6% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023. It is important to note that there is no figure for Balaji Nagar in the 2007 revision.

Guideline values in Ponneri

In Ponneri village, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Balaji Nagar is equal to this median.

Stamp duty and registration fee for property in Balaji Nagar Virivakkam

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. 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 details.

Which Sub Registrar Office covers Balaji Nagar Virivakkam?

The Sub Registrar Office covering Balaji Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is used to assess the official value of the property for taxation purposes. This ensures that the fees collected are based on a standardized value set by the government, providing transparency in property transactions.

Frequently asked questions

What is the current guideline value for Balaji Nagar Virivakkam?

The current guideline value for Balaji Nagar in Virivakkam is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 46 per sq.ft in 2002 to Rs 700 per sq.ft in 2024, marking an overall increase of 1422% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 7,00,000. The stamp duty at 7% is Rs 49,000, and the registration fee at 2% is Rs 14,000, totaling Rs 63,000.

Which office handles property registrations in Balaji Nagar?

The Ponneri Sub Registrar Office handles property registrations for Balaji Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It ensures that these fees are based on a standardized value set by the government, providing clarity in property transactions.