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Guideline Value

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Guideline Value for BALAJI NAGR 2ND BLOCK 1ST MAIN ROAD

₹1650/sq.ft.

The guideline value for Balaji Nagr 2nd Block 1st 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 ₹1005 /sq.ft.
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 Nagr 2nd Block 1st Main Road

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Balaji Nagr 2nd Block 1st Main Road guideline value

The current guideline value for Balaji Nagr 2nd 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 with a land classification of Residential Class IV Type - I.

How the guideline value of Balaji Nagr 2nd Block 1st Main Road has changed

The guideline value for Balaji Nagr 2nd Block 1st Main Road has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, marking a 33% drop. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, which is a 49% rise. The latest revision in 2024 has set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pallikaranai

Pallikaranai village 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 2024 figure for Balaji Nagr 2nd Block 1st Main Road.

Stamp duty and registration fee for property in Balaji Nagr 2nd Block 1st Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, making a total of Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagr 2nd Block 1st Main Road?

The Sub Registrar Office that covers Balaji Nagr 2nd 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

The guideline value plays a crucial role in property transactions in Pallikaranai. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory payments during the registration process. It ensures that the transaction is recorded accurately and reflects the value of the property as determined by the government.

In addition, the guideline value serves as a reference point for buyers and sellers to understand the market value of properties in the area. It helps in ensuring transparency and fairness in property transactions, as it is set and revised by the government based on various factors.

Frequently asked questions

What is the current guideline value for Balaji Nagr 2nd Block 1st Main Road?

The current guideline value for Balaji Nagr 2nd 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 has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Balaji Nagr 2nd Block 1st Main Road?

The land classification for Balaji Nagr 2nd Block 1st Main Road is Residential Class IV Type - I.

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

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

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

The Sub Registrar Office for Balaji Nagr 2nd 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.