Guideline Value

Corporate

Guideline Value for Balammal Nagar Main Road

₹2800/sq.ft.

The guideline value for Balammal Nagar Main Road in Ullagaram village (Alandur SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ullagaram

Village

Alandur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /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 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹260 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹232 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Balammal Nagar Main Road

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Balammal Nagar Main Road guideline value

The current guideline value of Balammal Nagar Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Balammal Nagar Main Road has changed

Over the years, the guideline value for Balammal Nagar Main Road has seen several revisions. The figures began at Rs 232 per sq.ft in 2002 and increased to Rs 260 per sq.ft in 2003. The value then rose significantly to Rs 1,000 per sq.ft in 2007, followed by a decrease to Rs 2,500 per sq.ft in 2012. In 2017, it saw a jump to Rs 1,675 per sq.ft, which was further increased to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,800 per sq.ft.

The changes between these revisions are notable. From 2002 to 2003, the increase was +12%. The value surged by +285% from 2003 to 2007. However, from 2007 to 2012, there was a decrease of -33%. The value then increased by +49% from 2017 to 2023 and saw a rise of +12% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +1107%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. Balammal Nagar Main Road's 2024 figure matches this median value.

Stamp duty and registration fee for property in Balammal Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total fees together Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balammal Nagar Main Road?

The Sub Registrar Office that covers Balammal Nagar Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Ullagaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is crucial for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Balammal Nagar Main Road?

The current guideline value of Balammal Nagar Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 232 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, showing an overall increase of +1107% over this period.

What is the land classification for Balammal Nagar Main Road?

Balammal Nagar Main Road is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for Balammal Nagar Main Road?

The Alandur Sub Registrar Office handles registrations for Balammal Nagar Main Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.