Guideline Value

Corporate

Guideline Value for New Balaji Nagar Ext

₹2900/sq.ft.

The guideline value for New Balaji Nagar Ext in Selaiyur village (Selaiyur SRO, Chengalpattu zone) is Rs 2900 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Selaiyur

Village

Selaiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2900 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on New Balaji Nagar Ext

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New Balaji Nagar Ext guideline value

The current guideline value for New Balaji Nagar Ext is Rs 2,900 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of New Balaji Nagar Ext has changed

The guideline value of New Balaji Nagar Ext has undergone several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was later reduced to Rs 1,809 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,700 per sq.ft in 2023, and currently stands at Rs 2,900 per sq.ft as per the 2024 revision.

Between the revisions, significant changes were noted. The guideline value increased by 49% from 2017 to 2023, followed by a 7% rise from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing New Balaji Nagar Ext above this median.

Stamp duty and registration fee for property in New Balaji Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, totaling Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Balaji Nagar Ext?

The Sub Registrar Office that covers New Balaji Nagar Ext is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Selaiyur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. This value is regularly updated to reflect changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value for New Balaji Nagar Ext?

The current guideline value for New Balaji Nagar Ext is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 2,700 per sq.ft in 2023, Rs 1,809 per sq.ft in 2017, and Rs 2,700 per sq.ft in 2012. The current value of Rs 2,900 per sq.ft reflects a 7% increase from 2023.

What is the land classification for New Balaji Nagar Ext?

New Balaji Nagar Ext is classified as Residential Special Type - I, indicating its designation for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in New Balaji Nagar Ext?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000 at a rate of 7%.