Guideline Value

Corporate

Guideline Value for BALAMURUGAN GARDEN 6th CROSS STREET

₹5500/sq.ft.

The guideline value for Balamurugan Garden 6th 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 6th Cross Street

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BALAMURUGAN GARDEN 6th CROSS STREET guideline value

The current guideline value of BALAMURUGAN GARDEN 6th 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. The land classification for this area is Residential Special Type - III.

How the guideline value of BALAMURUGAN GARDEN 6th CROSS STREET has changed

The guideline value for BALAMURUGAN GARDEN 6th CROSS STREET has seen several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which changed to Rs 3,350 per sq.ft in 2017. This marked a decrease of 33%. However, the value significantly increased by 49% to Rs 5,000 per sq.ft in 2023. The most recent revision in 2024 has further increased the value to Rs 5,500 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register 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 that carry 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, making the current guideline value of BALAMURUGAN GARDEN 6th CROSS STREET above this median.

Stamp duty and registration fee for property in BALAMURUGAN GARDEN 6th 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, while the registration fee at 2% would be Rs 1,10,000. Together, the total cost for stamp duty and registration fee would be Rs 4,95,000. Please 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 6th CROSS STREET?

The Sub Registrar Office covering BALAMURUGAN GARDEN 6th CROSS STREET 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 further assistance.

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

The guideline value is an important factor during the registration of property transactions in Okkiyamthuraipakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of BALAMURUGAN GARDEN 6th CROSS STREET?

The current guideline value of BALAMURUGAN GARDEN 6th 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 2012 to Rs 3,350 per sq.ft in 2017, then increased to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What is the land classification for BALAMURUGAN GARDEN 6th CROSS STREET?

The land classification for BALAMURUGAN GARDEN 6th CROSS STREET is Residential Special Type - III.

Which office handles property registrations for BALAMURUGAN GARDEN 6th CROSS STREET?

The Neelankarai Sub Registrar Office handles property registrations for BALAMURUGAN GARDEN 6th CROSS STREET.

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 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.