Guideline Value

Corporate

Guideline Value for BALAMBIGAI ANNEX

₹3100/sq.ft.

The guideline value for Balambigai Annex 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 ₹346 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹280 /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 Balambigai Annex

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Balambigai Annex guideline value

The current guideline value of Balambigai Annex is Rs 3,100 per sq.ft, effective from 1 July 2024. This area is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Balambigai Annex has changed

The guideline value for Balambigai Annex has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 280 per sq.ft. This increased to Rs 346 per sq.ft in 2003, marking a change of +24%. The value continued to rise significantly, reaching Rs 1,100 per sq.ft in 2007, which is a +218% increase. Following this, the 2012 revision saw a decrease to Rs 2,800 per sq.ft, a drop of -33%. However, the value rebounded to Rs 1,876 per sq.ft in 2017, which was a +49% increase from the previous revision. The 2023 revision set the value at Rs 2,800 per sq.ft, and the current 2024 revision has increased it to Rs 3,100 per sq.ft, reflecting an increase of +11%.

Overall, from 2002 to 2024, the guideline value has increased by +1007%. The register has no figures for the years not mentioned above.

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. The median value for these streets is Rs 3,100 per sq.ft, which is equal to the guideline value of Balambigai Annex.

Stamp duty and registration fee for property in Balambigai Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balambigai Annex?

The Sub Registrar Office that covers Balambigai Annex is 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 a crucial factor during the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that all transactions are recorded accurately.

When a property is sold, the guideline value will be compared to the sale price, and the duty will be charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balambigai Annex?

The current guideline value of Balambigai Annex 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 increased from Rs 280 per sq.ft in 2002 to Rs 3,100 per sq.ft in 2024, marking an overall increase of +1007%.

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

Other streets in Ramapuram include Balambigai Nagar 1st & 2nd Main Road/Cross Street at Rs 2,750 per sq.ft, and several others at Rs 3,100 per sq.ft.

What is the stamp duty rate for property transactions in Balambigai Annex?

The stamp duty rate for property transactions in Balambigai Annex is 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting 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.