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Guideline Value

Corporate

Guideline Value for Balamurugan Nagar Raji Street

₹3960/sq.ft.

The guideline value for Balamurugan Nagar Raji Street in Porur village (Kunrathur SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /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)

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 Balamurugan Nagar Raji Street

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Balamurugan Nagar Raji Street guideline value

The current guideline value of Balamurugan Nagar Raji Street is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Balamurugan Nagar Raji Street has changed

The guideline value for Balamurugan Nagar Raji Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was a decrease of 33% from the Rs 2,412 per sq.ft recorded in the 2017 revision. However, in the 2023 revision, the value increased to Rs 3,600 per sq.ft, and then further rose by 10% to Rs 3,960 per sq.ft in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value of these streets is Rs 3,960 per sq.ft, which is equal to the 2024 guideline value of Balamurugan Nagar Raji Street.

Stamp duty and registration fee for property in Balamurugan Nagar Raji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total fees together to Rs 3,56,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Balamurugan Nagar Raji Street?

The Balamurugan Nagar Raji Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

When buying or selling property in Porur, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar Raji Street?

The current guideline value of Balamurugan Nagar Raji Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,412 per sq.ft in 2017, which means there was a 49% increase from 2017 to 2023.

What are the other streets in Porur with the same guideline value?

Other streets in Porur with the same guideline value of Rs 3,960 per sq.ft include Balamurugan Nagar Raji Street - 1st Lane, Balamurugan Nagar Raji Street - 2nd Lane, Balamurugan Nagar - Ranganathan Street, Balamurugan Nagar Arumugam Street, and BalaMurugan Nagar.

What is the registration office for Balamurugan Nagar Raji Street?

The registration office for Balamurugan Nagar Raji Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Balamurugan Nagar Raji Street?

Stamp duty for properties in Balamurugan Nagar Raji Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, which can significantly impact the overall cost of property transactions.