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Guideline Value

Corporate

Guideline Value for Jai Balaji Nagar 4th Street

₹1900/sq.ft.

The guideline value for Jai Balaji Nagar 4th 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 4th Street

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Jai Balaji Nagar 4th Street guideline value

The current guideline value of Jai Balaji Nagar 4th Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Jai Balaji Nagar 4th Street has changed

Over the years, the guideline value of Jai Balaji Nagar 4th Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then changed to Rs 1,206 per sq.ft in the 2017 revision. This marked a decrease of 20%. However, the value significantly increased to Rs 1,800 per sq.ft in the 2023 revision, reflecting a rise of 49%. The current guideline value stands at Rs 1,900 per sq.ft as per the 2024 revision, showing an increase of 6% from the previous year.

The register has no figures for the revisions in 2002, 2003, and 2007. 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 that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Jai Balaji Nagar 4th Street is below this median.

Stamp duty and registration fee for property in Jai Balaji Nagar 4th 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, leading to a total of Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jai Balaji Nagar 4th Street?

The Sub Registrar Office covering Jai Balaji Nagar 4th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Selavoyal as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling a property, the guideline value helps both parties understand the baseline value of the property. It ensures transparency in transactions and serves as a reference point for property valuation during registration.

Frequently asked questions

What is the current guideline value of Jai Balaji Nagar 4th Street?

The current guideline value of Jai Balaji Nagar 4th 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 to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

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 in 2024 include Jai Balaji Nagar 1st, 2nd, 3rd, 5th Streets, and Jai Balaji Nagar Extension.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is generally 7% of the guideline value or the sale price, whichever is higher. There is also a registration fee of 2% applicable.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060, or by using the online tool to find your SRO.