Guideline Value

Corporate

Guideline Value for BALAMURUGAN GARDEN 2nd MAIN ROAD

₹6100/sq.ft.

The guideline value for Balamurugan Garden 2nd Main Road in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /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 2nd Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

BALAMURUGAN GARDEN 2nd MAIN ROAD guideline value

The current guideline value of BALAMURUGAN GARDEN 2nd MAIN ROAD is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Special Type - II.

How the guideline value of BALAMURUGAN GARDEN 2nd MAIN ROAD has changed

The guideline value for BALAMURUGAN GARDEN 2nd MAIN ROAD has seen several revisions over the years. In the 2012 revision, the value was Rs 5,500 per sq.ft, which was a decrease of 33% from Rs 3,685 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 5,500 per sq.ft in the 2023 revision, and then further rose to Rs 6,100 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with 2024 guideline values 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, positioning BALAMURUGAN GARDEN 2nd MAIN ROAD above this median.

Stamp duty and registration fee for property in BALAMURUGAN GARDEN 2nd MAIN ROAD

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 61,00,000. The stamp duty at 7% amounts to Rs 4,27,000, and the registration fee at 2% is Rs 1,22,000, bringing the total to Rs 5,49,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BALAMURUGAN GARDEN 2nd MAIN ROAD?

The BALAMURUGAN GARDEN 2nd MAIN ROAD falls under 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 during property transactions in Okkiyamthuraipakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

When a property is sold, the guideline value is used to assess stamp duty and registration fees. These fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of BALAMURUGAN GARDEN 2nd MAIN ROAD?

The current guideline value of BALAMURUGAN GARDEN 2nd MAIN ROAD is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 6,100 per sq.ft in 2024, showing an overall increase of 11%. The value saw a significant rise of 49% from Rs 3,685 per sq.ft in 2017 to Rs 5,500 per sq.ft in 2023.

What is the land classification for BALAMURUGAN GARDEN 2nd MAIN ROAD?

BALAMURUGAN GARDEN 2nd MAIN ROAD is classified as Residential Special Type - II, which indicates its intended use for residential purposes within the area.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is 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 of the property. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would be Rs 5,49,000.