Guideline Value

Corporate

Guideline Value for BALAMMAL STREET

₹4400/sq.ft.

The guideline value for Balammal Street in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹509 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹462 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Balammal Street

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Balammal Street guideline value

The current guideline value of Balammal Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Balammal Street has changed

The guideline value for Balammal Street has seen several revisions over the years. In 2002, the guideline value was Rs 462 per sq.ft, which increased to Rs 509 per sq.ft in 2003. This marked a change of +10%. The value then rose to Rs 700 per sq.ft in 2007, reflecting a significant increase of +38%. In 2012, the guideline value was recorded at Rs 4,000 per sq.ft, indicating a substantial jump of +471% from the previous revision.

Moving forward, the guideline value decreased to Rs 2,680 per sq.ft in 2017, a decline of -33%. The value saw a notable increase to Rs 4,000 per sq.ft in 2023, followed by a further rise to the current value of Rs 4,400 per sq.ft in 2024, which is an increase of +10% from the previous year. The overall change from 2002 to 2024 shows an increase of +852%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. Balammal Street's guideline value of Rs 4,400 per sq.ft is below this median.

Stamp duty and registration fee for property in Balammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. 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 Balammal Street?

The Sub Registrar Office that covers Balammal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Arumbakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the financial aspects of the transaction. Accurate knowledge of the guideline value can help in planning the budget for the purchase or sale of property in the area.

Frequently asked questions

What is the current guideline value of Balammal Street?

The current guideline value of Balammal Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 462 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of +852% over the years.

What is the land classification for Balammal Street?

Balammal Street is classified as Residential Class IV Type - II.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How do I calculate the stamp duty for property in Balammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 3,08,000.