Guideline Value

Corporate

Guideline Value for BALAVINAYAGAR 1ST MAIN ROAD

₹6000/sq.ft.

The guideline value for Balavinayagar 1st Main Road in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /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)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Balavinayagar 1st Main Road

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Balavinayagar 1st Main Road guideline value

The current guideline value of Balavinayagar 1st Main Road is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Balavinayagar 1st Main Road has changed

The guideline value for Balavinayagar 1st Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 5,500 per sq.ft, which then decreased to Rs 3,685 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 5,500 per sq.ft, and the most recent revision in 2024 has raised it to Rs 6,000 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. In contrast, from 2017 to 2023, the guideline value surged by 49%. The change from 2023 to 2024 represents an increase of 9%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,000 per sq.ft, which matches the guideline value for Balavinayagar 1st Main Road.

Stamp duty and registration fee for property in Balavinayagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total cost to Rs 5,40,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Balavinayagar 1st Main Road?

The Balavinayagar 1st Main Road falls under the jurisdiction of the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Balavinayagar 1st Main Road?

The current guideline value of Balavinayagar 1st Main Road is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then increased to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,000 per sq.ft in 2024.

What are the other streets in Arumbakkam with the same guideline value?

Other streets in Arumbakkam under the Kodambakkam SRO also have a guideline value of Rs 6,000 per sq.ft for 2024, including Balavinayagar 1st Street, Balavinayagar 2nd Street, Balavinayagar 3rd Street, Balavinayagar 4th Street, Balavinayagar Nagar, and Balavinayagar Nagar Extn.

How is the stamp duty calculated for properties in Balavinayagar 1st Main Road?

Stamp duty for properties in Balavinayagar 1st Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same value.

Where can I find the Sub Registrar Office for Balavinayagar 1st Main Road?

The Sub Registrar Office covering Balavinayagar 1st Main Road is the Kodambakkam SRO, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.