Guideline Value

Corporate

Guideline Value for Balamurugan Nagar Annexe

₹2750/sq.ft.

The guideline value for Balamurugan Nagar Annexe in Maduravoyal 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 Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV 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 ₹300 /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. 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 Balamurugan Nagar Annexe

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Balamurugan Nagar Annexe guideline value

The current guideline value of Balamurugan Nagar Annexe is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Balamurugan Nagar Annexe has changed

The guideline value for Balamurugan Nagar Annexe has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 733%. However, it saw a decrease to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

Between 2017 and 2023, the value rose by 49%. Overall, from the 2007 revision to the current 2024 guideline value, there has been an increase of 817%. It is worth noting that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, placing Balamurugan Nagar Annexe's 2024 figure below this median.

Stamp duty and registration fee for property in Balamurugan Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. 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 precise calculations.

Which Sub Registrar Office covers Balamurugan Nagar Annexe?

The Balamurugan Nagar Annexe falls under 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 Maduravoyal

The guideline value is a crucial factor in property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value will be referenced to calculate the applicable duties. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar Annexe?

The current guideline value of Balamurugan Nagar Annexe 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 300 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 817% over the years.

What are the other streets with the same guideline value?

Other streets in Maduravoyal that share the same guideline value of Rs 2,750 per sq.ft in 2024 include Balamurugan Nagar 4th Street, 3rd Street, Main Road, 2nd Street, and 1st Street (Chithirai to Panguni Streets).

What are the stamp duty and registration fees for property in Balamurugan Nagar Annexe?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000. The stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Balamurugan Nagar Annexe?

The Virugambakkam Sub Registrar Office covers Balamurugan Nagar Annexe, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.