Guideline Value

Corporate

Guideline Value for Balaji Nagar 4th Street

₹2750/sq.ft.

The guideline value for Balaji Nagar 4th Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹300 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹188 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 4th Street

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Balaji Nagar 4th Street guideline value

The current guideline value of Balaji Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Balaji Nagar 4th Street has changed

The guideline value for Balaji Nagar 4th Street has seen several revisions over the years. In 2002, the value was Rs 188 per sq.ft, which increased to Rs 300 per sq.ft in 2003, marking a 60% rise. The value continued to rise significantly, reaching Rs 500 per sq.ft in 2007, a 67% increase from the previous year. By 2012, the value was Rs 2,500 per sq.ft, reflecting a substantial 400% increase from 2007. However, it saw a decline to Rs 1,675 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 2,500 per sq.ft, which is a notable increase of 49%. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, a 10% increase from 2023. There are no figures available in the register for the years not listed here.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing the 2024 figure for Balaji Nagar 4th Street above this median.

Stamp duty and registration fee for property in Balaji Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar 4th Street?

The Sub Registrar Office that covers Balaji Nagar 4th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Nerkundram. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the property is registered at a value that reflects its worth according to government standards. This process aids in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Balaji Nagar 4th Street?

The current guideline value of Balaji Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 188 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1363% over the years.

What is the registration office for Balaji Nagar 4th Street?

The registration office for Balaji Nagar 4th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Balaji Nagar 4th Street?

Stamp duty for properties in Balaji Nagar 4th Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

What are the guideline values of other streets in Nerkundram?

Other streets in Nerkundram have a guideline value of Rs 2,750 per sq.ft in 2024, including Balaji Nagar 2nd, 3rd, 5th, 6th, 7th, and 8th Streets.