Guideline Value for BALIAMMAN KOIL STREET

Baliamman Koil Street guideline value

The current guideline value for Baliamman Koil Street in Villivakkam village, under the Villivakkam SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class V Type - III land classification.

How the guideline value of Baliamman Koil Street has changed

Since 2002, the guideline value for Baliamman Koil Street has undergone several revisions. The guideline value started at Rs 495 per sq.ft in 2002, then increased to Rs 565 per sq.ft in 2003, marking a change of +14%. The value further rose to Rs 950 per sq.ft in 2007, reflecting a +68% increase. In 2012, it reached Rs 1,500 per sq.ft, showing a +58% change from the previous revision. However, in 2017, the value decreased to Rs 1,005 per sq.ft, which was a -33% change. The value then increased significantly to Rs 1,500 per sq.ft in 2023, marking a +49% increase. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, a +7% change from 2023.

There are no figures available for the revisions prior to 2002 or for any years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +223%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft, with a median value of Rs 4,900 per sq.ft. Baliamman Koil Street's 2024 figure is below this median.

• Baliamman Koil Bus Stop Street: Rs 1,600 per sq.ft (2024)
• Bharathi Kudiyiruppu: Rs 13,200 per sq.ft (2024)
• BHARATHI NAGAR 1st STREET (SLUM BOARD): Rs 2,200 per sq.ft (2024)
• Bakthavachalapuram: Rs 1,600 per sq.ft (2024)
• BHARATHI NAGAR 2nd STREET (SLUM BOARD): Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Baliamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Baliamman Koil Street?

The Sub Registrar Office that covers Baliamman Koil Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transfer of property ownership.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Baliamman Koil Street?

The current guideline value for Baliamman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of +223% over the years.

What are the stamp duty rates for properties in Baliamman Koil Street?

The stamp duty rate for properties in Baliamman Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Baliamman Koil Street?

The Sub Registrar Office for Baliamman Koil Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, while Baliamman Koil Street's guideline value is below this median.