Guideline Value

Corporate

Guideline Value for New Jai Balaji Nagar Extension

₹1900/sq.ft.

The guideline value for New Jai Balaji Nagar Extension 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 New Jai Balaji Nagar Extension

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New Jai Balaji Nagar Extension guideline value

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

How the guideline value of New Jai Balaji Nagar Extension has changed

Over the years, the guideline value for New Jai Balaji Nagar Extension has seen several revisions. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, an increase from Rs 1,800 per sq.ft in the 2023 revision. This change represents a 6% increase. Looking back further, the 2017 revision recorded a value of Rs 1,206 per sq.ft, which indicates a significant rise of 49% to the 2023 figure. The 2012 revision had a guideline value of Rs 1,500 per sq.ft, reflecting a decrease of 20% to the 2017 value. Overall, comparing the 2012 revision to the current 2024 value shows an increase of 27%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

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 for New Jai Balaji Nagar Extension is below this median.

Stamp duty and registration fee for property in New Jai Balaji Nagar Extension

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 to Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Jai Balaji Nagar Extension?

The Sub Registrar Office that covers New Jai Balaji Nagar Extension 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

The guideline value is a crucial factor when registering property transactions in Selavoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When a property is bought or sold, the guideline value helps determine the official value of the property for registration purposes. This ensures that the appropriate taxes and fees are collected, aligning with government regulations.

Frequently asked questions

What is the current guideline value for New Jai Balaji Nagar Extension?

The current guideline value for New Jai Balaji Nagar Extension 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 1,900 per sq.ft in 2024, reflecting an overall increase of 27% over this period.

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

Other streets in Selavoyal with the same guideline value of Rs 1,900 per sq.ft include Nethaji Nagar 1st Street, Nehru Street, NCL Nagar 2nd Street, and NCL Nagar 1st Street.

What is the registration fee for properties in New Jai Balaji Nagar Extension?

The registration fee for properties in New Jai Balaji Nagar Extension is calculated based on the guideline value. For example, on a property valued at Rs 19,00,000, the registration fee would be Rs 38,000 at 2%.

Which office handles the registration for New Jai Balaji Nagar Extension?

The Madhavaram Sub Registrar Office handles the registration for New Jai Balaji Nagar Extension, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.