Guideline Value

Corporate

Guideline Value for BALASUBRAMANIAN NAGAR

₹440/sq.ft.

The guideline value for Balasubramanian Nagar in Nallur village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Nallur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Balasubramanian Nagar

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Balasubramanian Nagar guideline value

The current guideline value of Balasubramanian Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Nallur village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Balasubramanian Nagar has changed

The guideline value for Balasubramanian Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for Balasubramanian Nagar for the years 2002, 2003, 2007, and 2012.

Guideline values in Nallur

In Nallur, there are 39 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,650 per sq.ft, with a median value of Rs 550 per sq.ft. Balasubramanian Nagar's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Balasubramanian Nagar

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that 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 information.

Which Sub Registrar Office covers Balasubramanian Nagar?

The Sub Registrar Office covering Balasubramanian Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Nallur, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Additionally, the guideline value helps in establishing a standard for property prices in the area, making it easier for buyers and sellers to negotiate and finalize deals. It serves as a reference point for both parties during the registration process.

Frequently asked questions

What is the current guideline value of Balasubramanian Nagar?

The current guideline value of Balasubramanian Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 268 per sq.ft, the guideline value increased to Rs 400 per sq.ft in 2023 and further to Rs 440 per sq.ft in 2024, marking a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Balasubramanian Nagar?

For a 1,000 sq.ft plot at the current guideline value of Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Balasubramanian Nagar?

The Redhills Sub Registrar Office covers Balasubramanian Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value determined in Nallur?

The guideline value in Nallur is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in land classification and market conditions.