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Guideline Value

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Guideline Value for BALARAMAN SALAI (KRISHNA NAGAR INDUSTRIAL ESTATE)

₹4900/sq.ft.

The guideline value for Balaraman Salai (krishna Nagar Industrial Estate) in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4460 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

Maduravoyal

Village

Virugambakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4460 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Balaraman Salai (krishna Nagar Industrial Estate)

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Balaraman Salai (Krishna Nagar Industrial Estate) guideline value

The current guideline value of Balaraman Salai (Krishna Nagar Industrial Estate) is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO and is classified as Residential Special Type - III.

How the guideline value of Balaraman Salai (Krishna Nagar Industrial Estate) has changed

The guideline value for Balaraman Salai (Krishna Nagar Industrial Estate) has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 4,460 per sq.ft, which was an increase from the previous figures. The latest 2024 revision has raised the guideline value to Rs 4,900 per sq.ft, marking a 10% increase from the 2023 figure.

This consistent increase reflects the changing landscape of property values in the area. The current guideline value of Rs 4,900 per sq.ft positions Balaraman Salai above the median value of Rs 3,050 per sq.ft for the 636 streets in Maduravoyal under the Virugambakkam SRO.

Guideline values in Maduravoyal

In Maduravoyal, the guideline values range from Rs 2,200 to Rs 6,050 per sq.ft as per the 2024 revision. Balaraman Salai (Krishna Nagar Industrial Estate) is positioned above the median value of Rs 3,050 per sq.ft. Below are the guideline values for other streets in Maduravoyal:

Stamp duty and registration fee for property in Balaraman Salai (Krishna Nagar Industrial Estate)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total cost for these fees to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaraman Salai (Krishna Nagar Industrial Estate)?

The Sub Registrar Office that covers Balaraman Salai (Krishna Nagar Industrial Estate) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with the regulations set by the Registration Department.

When a property is sold, the guideline value is used to calculate the applicable duties, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balaraman Salai (Krishna Nagar Industrial Estate)?

The current guideline value of Balaraman Salai (Krishna Nagar Industrial Estate) is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 4,460 per sq.ft in 2023 to Rs 4,900 per sq.ft in 2024, which is a 10% increase.

What is the land classification for Balaraman Salai (Krishna Nagar Industrial Estate)?

Balaraman Salai (Krishna Nagar Industrial Estate) is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for Balaraman Salai (Krishna Nagar Industrial Estate)?

The Sub Registrar Office for Balaraman Salai is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Maduravoyal?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at a rate of 7%.