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Guideline Value

Corporate

Guideline Value for SAI BALAJI NAGAR MAIN ROAD

₹1320/sq.ft.

The guideline value for Sai Balaji Nagar Main Road in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Sai Balaji Nagar Main Road

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Sai Balaji Nagar Main Road guideline value

The current guideline value of Sai Balaji Nagar Main Road is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Sai Balaji Nagar Main Road has changed

The guideline value for Sai Balaji Nagar Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then revised down to Rs 804 per sq.ft in 2017. The latest revision in 2024 increased the value to Rs 1,320 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 64% from 2017 to 2024. Overall, comparing the values from 2012 to 2024, there has been a modest increase of 10%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Sai Balaji Nagar Main Road's 2024 figure below this median.

Stamp duty and registration fee for property in Sai Balaji Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Balaji Nagar Main Road?

The Sai Balaji Nagar Main Road falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees applicable when buying or selling property in this region.

When a property is registered, the guideline value is considered to ensure that the correct fees are paid based on the official valuation. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value for Sai Balaji Nagar Main Road?

The current guideline value for Sai Balaji Nagar Main Road is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,320 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Sai Balaji Nagar Main Road?

The Sub Registrar Office for Sai Balaji Nagar Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Sai Balaji Nagar Main Road?

The land classification for Sai Balaji Nagar Main Road is Residential Class IV Type - II, indicating its suitability for residential development.