Guideline Value

Corporate

Guideline Value for BALAMURUGAN GARDEN 4th CROSS STREET

₹5500/sq.ft.

The guideline value for Balamurugan Garden 4th Cross Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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 4th Cross Street

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BALAMURUGAN GARDEN 4th CROSS STREET guideline value

The current guideline value of BALAMURUGAN GARDEN 4th CROSS STREET is Rs 5,500 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 - III.

How the guideline value of BALAMURUGAN GARDEN 4th CROSS STREET has changed

The guideline value for BALAMURUGAN GARDEN 4th CROSS STREET has undergone several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which was a decrease of 33% from the Rs 3,350 per sq.ft recorded in the 2017 revision. The 2023 revision then increased the value to Rs 5,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, placing BALAMURUGAN GARDEN 4th CROSS STREET above this median.

Stamp duty and registration fee for property in BALAMURUGAN GARDEN 4th CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. 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 4th CROSS STREET?

The Neelankarai Sub Registrar Office covers BALAMURUGAN GARDEN 4th CROSS STREET. The office is 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 the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of BALAMURUGAN GARDEN 4th CROSS STREET?

The current guideline value of BALAMURUGAN GARDEN 4th CROSS STREET is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024, representing a 10% increase. The value was Rs 3,350 per sq.ft in 2017 and Rs 5,000 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for BALAMURUGAN GARDEN 4th CROSS STREET?

BALAMURUGAN GARDEN 4th CROSS STREET is classified as Residential Special Type - III. This classification affects the guideline value and potential uses for the property.

Where can I find the Sub Registrar Office for this area?

The Neelankarai Sub Registrar Office covers BALAMURUGAN GARDEN 4th CROSS STREET and 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 for properties in BALAMURUGAN GARDEN 4th CROSS STREET is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.