Guideline Value

Corporate

Guideline Value for Balaji Nagar 3rd Main Rd

₹4620/sq.ft.

The guideline value for Balaji Nagar 3rd Main Rd in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4620 /sq.ft.
From 1-4-2023 ₹4200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2814 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4200 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Balaji Nagar 3rd Main Rd

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Balaji Nagar 3rd Main Rd guideline value

The current guideline value of Balaji Nagar 3rd Main Rd is Rs 4,620 per sq.ft, effective from 1 July 2024. This road is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Balaji Nagar 3rd Main Rd has changed

The guideline value for Balaji Nagar 3rd Main Rd has undergone several revisions over the years. In 2012, the guideline value was set at Rs 4,200 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 2,814 per sq.ft, marking a decrease of 33%. The subsequent revision in 2023 saw a significant increase to Rs 4,200 per sq.ft, followed by another increase to Rs 4,620 per sq.ft in 2024, which is a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, which is the same as the current figure for Balaji Nagar 3rd Main Rd.

Stamp duty and registration fee for property in Balaji Nagar 3rd Main Rd

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, bringing the total fees together to Rs 4,15,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Balaji Nagar 3rd Main Rd?

The Sub Registrar Office that covers Balaji Nagar 3rd Main Rd is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ekkaduthangal. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When a property is registered, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and legally, protecting the interests of both the buyer and the seller.

Frequently asked questions

What is the current guideline value of Balaji Nagar 3rd Main Rd?

The current guideline value of Balaji Nagar 3rd Main Rd is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,620 per sq.ft in 2024.

What is the land classification for Balaji Nagar 3rd Main Rd?

The land classification for Balaji Nagar 3rd Main Rd is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Balaji Nagar 3rd Main Rd?

The Sub Registrar Office for Balaji Nagar 3rd Main Rd is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Balaji Nagar 3rd Main Rd?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 46,20,000, the stamp duty at 7% would be Rs 3,23,400.