Guideline Value

Corporate

Guideline Value for BALAMURUGAN NAGAR

₹1100/sq.ft.

The guideline value for Balamurugan Nagar in Matthur village (Thiruvottiyur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 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

Matthur

Village

Thiruvottiyur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹72 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹61 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Nagar

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Balamurugan Nagar guideline value

The current guideline value of Balamurugan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Matthur village under the Thiruvottiyur SRO, and it is classified as Residential Special Type - III.

How the guideline value of Balamurugan Nagar has changed

The guideline value for Balamurugan Nagar has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 61 per sq.ft, which increased to Rs 72 per sq.ft in 2003. The value saw a significant rise to Rs 100 per sq.ft in 2007, followed by a remarkable increase to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent revision in 2024 set it at Rs 1,100 per sq.ft.

In terms of percentage changes, the value increased by 18% from 2002 to 2003, followed by a 39% increase from 2003 to 2007. The value surged by 900% from 2007 to 2012, but then it dropped by 33% from 2012 to 2017. The increase from 2017 to 2023 was 49%, and the latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2002 to 2024, the guideline value has risen by 1703%.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Balamurugan Nagar.

Stamp duty and registration fee for property in Balamurugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balamurugan Nagar?

The Balamurugan Nagar area falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Matthur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the appropriate taxes are levied based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the stamp duty and registration fees. Buyers should be prepared to pay these fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar?

The current guideline value of Balamurugan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 61 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1703% over this period.

What is the land classification for Balamurugan Nagar?

Balamurugan Nagar is classified as Residential Special Type - III, which indicates its designated use for residential purposes.

Where can I find the registration office for Balamurugan Nagar?

The registration office for Balamurugan Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated in Balamurugan Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total fees would amount to Rs 99,000.