Guideline Value

Corporate

Guideline Value for BALAMURUGAN GARDEN 3rd MAIN ROAD

₹6100/sq.ft.

The guideline value for Balamurugan Garden 3rd 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 3rd 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 3rd MAIN ROAD guideline value

The current guideline value of BALAMURUGAN GARDEN 3rd 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. The land classification for this area is Residential Special Type - II.

How the guideline value of BALAMURUGAN GARDEN 3rd MAIN ROAD has changed

The guideline value for BALAMURUGAN GARDEN 3rd MAIN ROAD has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 5,500 per sq.ft. This figure remained until the next revision in 2017, which saw a decrease to Rs 3,685 per sq.ft. Following this, the value increased to Rs 5,500 per sq.ft in 2023, and finally rose to Rs 6,100 per sq.ft in 2024, marking an 11% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows an increase of 11%. It is important to note that 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, placing BALAMURUGAN GARDEN 3rd MAIN ROAD above this median.

Stamp duty and registration fee for property in BALAMURUGAN GARDEN 3rd MAIN ROAD

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BALAMURUGAN GARDEN 3rd MAIN ROAD?

The Sub Registrar Office that covers BALAMURUGAN GARDEN 3rd 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 an essential factor in the registration process of property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is crucial for buyers to be aware of the guideline value to avoid underreporting the sale price, which can lead to penalties or additional charges during the registration process.

Frequently asked questions

What is the current guideline value of BALAMURUGAN GARDEN 3rd MAIN ROAD?

The current guideline value of BALAMURUGAN GARDEN 3rd 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 3,685 per sq.ft in 2017, then increased to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,100 per sq.ft in 2024.

What is the land classification for BALAMURUGAN GARDEN 3rd MAIN ROAD?

The land classification for BALAMURUGAN GARDEN 3rd MAIN ROAD is Residential Special Type - II.

What is the stamp duty for a property in BALAMURUGAN GARDEN 3rd MAIN ROAD?

The stamp duty for a property in BALAMURUGAN GARDEN 3rd MAIN ROAD is 7% of the guideline value, which would be Rs 4,27,000 for a 1,000 sq.ft plot at the current rate.

Which office handles the registration for BALAMURUGAN GARDEN 3rd MAIN ROAD?

The Neelankarai Sub Registrar Office handles the registration for BALAMURUGAN GARDEN 3rd MAIN ROAD, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.