Guideline Value

Corporate

Guideline Value for BALAMURUGAN GARDEN 1st MAIN ROAD

₹6600/sq.ft.

The guideline value for Balamurugan Garden 1st Main Road in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Balamurugan Garden 1st Main Road

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BALAMURUGAN GARDEN 1st MAIN ROAD guideline value

The current guideline value of BALAMURUGAN GARDEN 1st MAIN ROAD is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, classified as Residential Special Type - I.

How the guideline value of BALAMURUGAN GARDEN 1st MAIN ROAD has changed

The guideline value for BALAMURUGAN GARDEN 1st MAIN ROAD has seen several revisions over the years. In 2012, the value was Rs 6,000 per sq.ft, which decreased to Rs 4,020 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 6,000 per sq.ft in 2023, followed by a further rise to Rs 6,600 per sq.ft in 2024, representing a 10% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, and BALAMURUGAN GARDEN 1st MAIN ROAD's 2024 figure is above that median.

Stamp duty and registration fee for property in BALAMURUGAN GARDEN 1st MAIN ROAD

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, leading to a total of Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BALAMURUGAN GARDEN 1st MAIN ROAD?

The Sub Registrar Office covering BALAMURUGAN GARDEN 1st MAIN ROAD is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring transparency and compliance with local regulations.

When a property is sold, the guideline value helps in assessing the fair value of the property for registration purposes. It is essential for both buyers and sellers to understand how this value impacts their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of BALAMURUGAN GARDEN 1st MAIN ROAD?

The current guideline value of BALAMURUGAN GARDEN 1st MAIN ROAD is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification of BALAMURUGAN GARDEN 1st MAIN ROAD?

BALAMURUGAN GARDEN 1st MAIN ROAD is classified as Residential Special Type - I.

Which office handles registrations for this area?

The Neelankarai Sub Registrar Office handles registrations for BALAMURUGAN GARDEN 1st MAIN ROAD, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 at 7%.