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Guideline Value

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Guideline Value for Balaganesar Nagar 7th Street

₹880/sq.ft.

The guideline value for Balaganesar Nagar 7th Street in Attanthangal village (Redhills SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Attanthangal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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 Balaganesar Nagar 7th Street

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Balaganesar Nagar 7th Street guideline value

The current guideline value of Balaganesar Nagar 7th Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Attanthangal village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balaganesar Nagar 7th Street has changed

Over the years, the guideline value of Balaganesar Nagar 7th Street has seen several revisions. The earliest available figure is from 2007, where the guideline value was Rs 300 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a significant rise of 167%. However, between 2012 and 2017, the value decreased to Rs 536 per sq.ft, a drop of 33%. The value then increased to Rs 800 per sq.ft in 2023, followed by a further increase to Rs 880 per sq.ft in 2024, which is a 10% rise from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%, and overall, from 2007 to 2024, the guideline value has risen by 193%. This consistent increase reflects the evolving nature of the area and its residential classification.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO with a guideline value for 2024 ranging from Rs 440 to Rs 880 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is the same as the guideline value for Balaganesar Nagar 7th Street.

Stamp duty and registration fee for property in Balaganesar Nagar 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the 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 more details.

Which Sub Registrar Office covers Balaganesar Nagar 7th Street?

The Sub Registrar Office that covers Balaganesar Nagar 7th Street 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Attanthangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

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 taxes. This ensures transparency in property transactions and helps maintain a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Balaganesar Nagar 7th Street?

The current guideline value of Balaganesar Nagar 7th Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the land classification for Balaganesar Nagar 7th Street?

Balaganesar Nagar 7th Street is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for this street?

The total stamp duty and registration fees for a 1,000 sq.ft plot at the current guideline value would amount to Rs 79,200, based on the guideline value of Rs 8,80,000.

Which office handles the registration for Balaganesar Nagar 7th Street?

The Redhills Sub Registrar Office handles the registration for Balaganesar Nagar 7th Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.