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Guideline Value

Corporate

Guideline Value for Jai Balaji Nagar 3rd Street

₹1900/sq.ft.

The guideline value for Jai Balaji Nagar 3rd Street in Selavoyal village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Selavoyal

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Jai Balaji Nagar 3rd Street

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Jai Balaji Nagar 3rd Street guideline value

The current guideline value of Jai Balaji Nagar 3rd Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Jai Balaji Nagar 3rd Street has changed

The guideline value for Jai Balaji Nagar 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which decreased by 20% to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value saw a significant increase of 49%, reaching Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 increased the guideline value by 6% to Rs 1,900 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 27%.

Guideline values in Selavoyal

In Selavoyal, there are 170 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Jai Balaji Nagar 3rd Street below this median.

Stamp duty and registration fee for property in Jai Balaji Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jai Balaji Nagar 3rd Street?

The Sub Registrar Office that covers Jai Balaji Nagar 3rd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

When buying or selling property in Selavoyal, the guideline value is an essential factor in determining the applicable stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which property transactions are registered, ensuring that the government receives the appropriate revenue from these transactions.

It is crucial for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of purchasing property. Understanding this value helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Jai Balaji Nagar 3rd Street?

The current guideline value of Jai Balaji Nagar 3rd Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Jai Balaji Nagar 3rd Street?

The land classification for Jai Balaji Nagar 3rd Street is Residential Class III Type - I.

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

Other streets in Selavoyal that share the same guideline value of Rs 1,900 per sq.ft for 2024 include Jai Balaji Nagar 1st Street, 2nd Street, 4th Street, 5th Street, and Jai Balaji Nagar Extension.

Where can I find the Sub Registrar Office for Jai Balaji Nagar 3rd Street?

The Sub Registrar Office for Jai Balaji Nagar 3rd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.