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Guideline Value

Corporate

Guideline Value for Balambigai Nagar 1 to 5 Street

₹3100/sq.ft.

The guideline value for Balambigai Nagar 1 To 5 Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /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
044-29510538
[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 Balambigai Nagar 1 To 5 Street

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Balambigai Nagar 1 to 5 Street guideline value

The current guideline value of Balambigai Nagar 1 to 5 Street is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Balambigai Nagar 1 to 5 Street has changed

The guideline value for Balambigai Nagar 1 to 5 Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,800 per sq.ft, which decreased to Rs 1,876 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,800 per sq.ft in 2023, and then to Rs 3,100 per sq.ft in 2024, reflecting an increase of 11% from the previous year.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, the guideline value from 2012 to 2024 has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, which is equal to the current guideline value for Balambigai Nagar 1 to 5 Street.

Stamp duty and registration fee for property in Balambigai Nagar 1 to 5 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, making the total fees together Rs 2,79,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balambigai Nagar 1 to 5 Street?

The Sub Registrar Office that covers Balambigai Nagar 1 to 5 Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.

You can find your SRO for more details.

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

When buying or selling property in Ramapuram, the guideline value is used as a benchmark for calculating the stamp duty and registration fees. This value is essential for the registration process, as it determines the amount of tax payable to the government.

It is crucial for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Understanding these values helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Balambigai Nagar 1 to 5 Street?

The current guideline value of Balambigai Nagar 1 to 5 Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,100 per sq.ft in 2024.

What is the land classification for Balambigai Nagar 1 to 5 Street?

Balambigai Nagar 1 to 5 Street is classified as Residential Class II Type - I.

What is the stamp duty for property in Balambigai Nagar 1 to 5 Street?

The stamp duty for property in Balambigai Nagar 1 to 5 Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Chennai South Joint II Sub Registrar Office covers Balambigai Nagar 1 to 5 Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.