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Guideline Value

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Guideline Value for BALAMBIGAI NAGAR & 3 and 4th STREET

₹3100/sq.ft.

The guideline value for Balambigai Nagar & 3 And 4th Street 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 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
044-29510538
[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 Nagar & 3 And 4th Street

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BALAMBIGAI NAGAR & 3 and 4th STREET guideline value

The current guideline value for BALAMBIGAI NAGAR & 3 and 4th STREET is Rs 3,100 per sq.ft, effective from 1 July 2024. This street 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 BALAMBIGAI NAGAR & 3 and 4th STREET has changed

The guideline value for BALAMBIGAI NAGAR & 3 and 4th STREET has seen several revisions over the years. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased significantly to Rs 2,800 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,876 per sq.ft in 2017. The value then rose sharply to Rs 2,800 per sq.ft in 2023, before reaching the current rate of Rs 3,100 per sq.ft in 2024.

In terms of percentage changes, the value increased by 155% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, from 2007 to 2024, the guideline value has risen by 182%. It is important to note that there are no figures available for the years 2002 and 2003 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. The median guideline value is Rs 3,100 per sq.ft, which aligns with the current value for BALAMBIGAI NAGAR & 3 and 4th STREET.

Stamp duty and registration fee for property in BALAMBIGAI NAGAR & 3 and 4th STREET

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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BALAMBIGAI NAGAR & 3 and 4th STREET?

The Sub Registrar Office that covers BALAMBIGAI NAGAR & 3 and 4th STREET 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 details.

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

The guideline value is a crucial factor in property transactions in Ramapuram, as it determines the minimum value on which stamp duty and registration fees are calculated. When a property is registered, the buyer must pay the applicable duties based on the higher of the guideline value or the actual sale price.

Understanding the guideline value helps buyers and sellers navigate the registration process effectively. It ensures that all parties are aware of the financial obligations involved in property transactions, thereby facilitating a smoother transfer of ownership.

Frequently asked questions

What is the current guideline value for BALAMBIGAI NAGAR & 3 and 4th STREET?

The current guideline value for BALAMBIGAI NAGAR & 3 and 4th STREET 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 1,100 per sq.ft in 2007 to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 182% over this period.

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

Other streets in Ramapuram with a guideline value of Rs 3,100 per sq.ft include Balambigai Nagar 1 to 5 Street, Balambigai Nagar Main Road, Balambigai Annex, Balakrishna Nagar, and Balaji Avenue.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000 and the registration fee would be Rs 62,000, totaling Rs 2,79,000.

Which Sub Registrar Office covers this area?

The Chennai South Joint II Sub Registrar Office covers BALAMBIGAI NAGAR & 3 and 4th STREET, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.