Guideline Value

Corporate

Guideline Value for BALAKRISHNA NAGAR

₹3100/sq.ft.

The guideline value for Balakrishna Nagar in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹432 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹349 /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
044-29510538
[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 Balakrishna Nagar

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Balakrishna Nagar guideline value

The current guideline value of Balakrishna Nagar is Rs 3,100 per sq.ft, effective from 1 July 2024. This area is located in Ramapuram village under the Chennai South Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Balakrishna Nagar has changed

The guideline value for Balakrishna Nagar has seen several revisions over the years. In 2002, the value was Rs 349 per sq.ft, which increased to Rs 432 per sq.ft in 2003. The value then rose significantly to Rs 1,100 per sq.ft in 2007, followed by a further increase to Rs 2,800 per sq.ft in 2012. However, there was a decrease to Rs 1,876 per sq.ft in 2017 before it jumped to Rs 2,800 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 3,100 per sq.ft.

Between the revisions, the most notable changes include a 155% increase from 2002 to 2007 and a 49% increase from 2017 to 2023. The 2023 to 2024 revision reflects an 11% increase. It is important to note that there are no figures available for the years not specifically mentioned in the register for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft, with the median value being Rs 3,100 per sq.ft. The guideline value for Balakrishna Nagar is equal to this median.

Stamp duty and registration fee for property in Balakrishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value would be Rs 31,00,000. The stamp duty at 7% would amount to Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total fees to Rs 2,79,000. Please 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 further calculations.

Which Sub Registrar Office covers Balakrishna Nagar?

Balakrishna Nagar falls under the Chennai South Joint II 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 Ramapuram

The guideline value is an essential factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring compliance with local regulations.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and fairly in the official records.

Frequently asked questions

What is the current guideline value of Balakrishna Nagar?

The current guideline value of Balakrishna Nagar is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 349 per sq.ft in 2002 to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 788% over the years.

What is the stamp duty rate for properties in Balakrishna Nagar?

The stamp duty rate for properties in Balakrishna Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Balakrishna Nagar located?

The Sub Registrar Office for Balakrishna Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the other streets in Ramapuram with similar guideline values?

Other streets in Ramapuram with similar guideline values include Balambigai Annex, Balambigai Nagar 1 to 5 Street, and Balaji Avenue, all at Rs 3,100 per sq.ft in 2024.