Guideline Value

Corporate

Guideline Value for Balambika Nagar

₹1540/sq.ft.

The guideline value for Balambika Nagar in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 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

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Balambika Nagar

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Balambika Nagar guideline value

The current guideline value of Balambika Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Balambika Nagar has changed

Over the years, the guideline value of Balambika Nagar has experienced several revisions. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking a 460% rise. However, from 2012 to 2017, the value decreased to Rs 938 per sq.ft, representing a 33% drop. The guideline value then rose to Rs 1,400 per sq.ft in 2023, a 49% increase from the previous revision. The latest revision in 2024 has further increased the value to Rs 1,540 per sq.ft, reflecting a 10% rise from 2023.

It is important to note that the register does not provide figures for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 516%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the current rate for Balambika Nagar.

Stamp duty and registration fee for property in Balambika Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, leading to a total of Rs 1,38,600. It is important to note that the 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 Balambika Nagar?

The Sub Registrar Office that covers Balambika Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Thiruverkadu. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is considered for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balambika Nagar?

The current guideline value of Balambika Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, with several revisions in between, including a significant increase of 460% from 2007 to 2012.

What is the median guideline value in Thiruverkadu?

The median guideline value in Thiruverkadu is Rs 1,540 per sq.ft, which is the same as the current rate for Balambika Nagar.

What are the stamp duty and registration fees for a property in Balambika Nagar?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.