Guideline Value

Corporate

Guideline Value for BALARAM GARDEN

₹1100/sq.ft.

The guideline value for Balaram Garden in Uthandi village (Neelankarai 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 Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Uthandi

Village

Neelankarai

SRO

Residential Class III Type - I
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 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 Balaram Garden

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Balaram Garden guideline value

The current guideline value of Balaram Garden, located in Uthandi village under the Neelankarai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Balaram Garden has changed

The guideline value for Balaram Garden has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This figure remained until the next revision in 2017, where it decreased significantly to Rs 670 per sq.ft, marking a drop of 33%. However, from 2017 to 2023, the value saw a substantial increase of 49%, bringing it back to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only recorded revisions are from 2012, 2017, and the more recent years of 2023 and 2024.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, placing Balaram Garden's 2024 figure below that median. This indicates that while Balaram Garden has a competitive value, there are other streets in Uthandi with higher guideline values.

Stamp duty and registration fee for property in Balaram Garden

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaram Garden?

The Sub Registrar Office that covers Balaram Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your specific SRO, you can visit the find your SRO page.

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

The guideline value plays a crucial role in property transactions in Uthandi. It is used as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is considered the minimum value for property transactions, and any sale price above this value will incur duties based on the higher amount.

When registering a property, the guideline value ensures that the government collects appropriate taxes and fees based on the value of the property. Therefore, understanding the guideline value is essential for anyone looking to buy or sell property in Uthandi.

Frequently asked questions

What is the current guideline value of Balaram Garden?

The current guideline value of Balaram Garden 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 from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Balaram Garden?

Balaram Garden falls under the Residential Class III Type - I land classification.

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 the stamp duty calculated for property in Balaram Garden?

Stamp duty for property in Balaram Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000, resulting in a stamp duty of Rs 77,000.