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Guideline Value

Corporate

Guideline Value for Balaiah Nagar, Brindavan Street

₹3850/sq.ft.

The guideline value for Balaiah Nagar, Brindavan Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 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

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Balaiah Nagar, Brindavan Street

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Balaiah Nagar, Brindavan Street guideline value

The current guideline value for Balaiah Nagar, Brindavan Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Balaiah Nagar, Brindavan Street has changed

The guideline value for Balaiah Nagar, Brindavan Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 3,500 per sq.ft. Prior to that, in 2017, the guideline value was Rs 2,345 per sq.ft, marking a significant increase of 49% to the 2023 figure. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise reflects the changing landscape of property values in the area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values in 2024 ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for this village is Rs 2,750 per sq.ft, placing Balaiah Nagar, Brindavan Street's 2024 figure above this median.

Stamp duty and registration fee for property in Balaiah Nagar, Brindavan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Balaiah Nagar, Brindavan Street?

The Sub Registrar Office that covers Balaiah Nagar, Brindavan Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a critical factor when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value impacts the overall cost of property transactions.

When registering a property, the guideline value ensures that the transaction is recorded accurately and fairly. It is essential for both parties to understand the guideline value to avoid any discrepancies during the sale or purchase of property.

Frequently asked questions

What is the current guideline value for Balaiah Nagar, Brindavan Street?

The current guideline value for Balaiah Nagar, Brindavan Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the other streets in Madipakkam-1 with guideline values?

Other streets in Madipakkam-1 include Balaiah Nagar/Balaiah Garden/Kumaran Street at Rs 3,850 per sq.ft, Balaiah Nagar Extn at Rs 1,650 per sq.ft, and Balaiah Nagar, Thilagar Avenue at Rs 3,300 per sq.ft, among others.

What fees are associated with buying property in Balaiah Nagar?

When buying property in Balaiah Nagar, buyers should account for stamp duty at 7% and registration fees at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balaiah Nagar?

The Sub Registrar Office for Balaiah Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.