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Guideline Value

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Guideline Value for New India Colony Link Balaji Nagar East Main Road

₹3300/sq.ft.

The guideline value for New India Colony Link Balaji Nagar East Main Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 New India Colony Link Balaji Nagar East Main Road

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New India Colony Link Balaji Nagar East Main Road guideline value

The current guideline value of New India Colony Link Balaji Nagar East Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - II.

How the guideline value of New India Colony Link Balaji Nagar East Main Road has changed

The guideline value register shows no figures for New India Colony Link Balaji Nagar East Main Road for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision in 2024 sets the guideline value at Rs 3,300 per sq.ft.

There have been no changes in the guideline value between the revisions listed above. The only figure available for this street is from the 2024 revision.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a 2024 guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 2,750 per sq.ft, placing the 2024 figure for New India Colony Link Balaji Nagar East Main Road above this median.

Stamp duty and registration fee for property in New India Colony Link Balaji Nagar East Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers New India Colony Link Balaji Nagar East Main Road?

The Sub Registrar Office that covers New India Colony Link Balaji Nagar East Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during property transactions in Madipakkam-1, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for New India Colony Link Balaji Nagar East Main Road?

The current guideline value for New India Colony Link Balaji Nagar East Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

What is the land classification for New India Colony Link Balaji Nagar East Main Road?

This street is classified as Residential Class I Type - II under the guideline value register.

Are there any previous guideline values for this street?

The guideline value register shows no figures for New India Colony Link Balaji Nagar East Main Road for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, with New India Colony Link Balaji Nagar East Main Road's value above this median.

Where is the Sub Registrar Office for New India Colony Link Balaji Nagar East Main Road located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.