Guideline Value

Corporate

Guideline Value for SHRI BALAJI NAGAR

₹1100/sq.ft.

The guideline value for Shri Balaji Nagar in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹85 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹58 /sq.ft.
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 Shri Balaji Nagar

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Shri Balaji Nagar guideline value

The current guideline value of Shri Balaji Nagar, located in Vanagaram village under the Chennai South Joint I SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under Residential Class IV Type - III land classification.

How the guideline value of Shri Balaji Nagar has changed

The guideline value for Shri Balaji Nagar has seen several revisions over the years. In 2002, the value was Rs 58 per sq.ft, which increased to Rs 85 per sq.ft in 2003, marking a rise of 47%. The value then saw a significant jump to Rs 500 per sq.ft in 2007, representing an increase of 488%. Following this, the value doubled to Rs 1,000 per sq.ft in 2012, a 100% increase. However, it dropped to Rs 670 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024, showing a 10% increase from the previous year.

The overall change from 2002 to 2024 is a remarkable increase of 1,797%. The register has no figures for the years not mentioned in this summary.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft, with a median value of Rs 1,660 per sq.ft. Shri Balaji Nagar's current guideline value is below this median.

Stamp duty and registration fee for property in Shri Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 further calculations.

Which Sub Registrar Office covers Shri Balaji Nagar?

The Sub Registrar Office covering Shri Balaji Nagar is 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 Vanagaram

The guideline value is a crucial factor in the registration process when buying or selling property in Vanagaram. It serves as a benchmark for determining the minimum price at which property transactions can be registered.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that transactions are recorded accurately and in accordance with the established values set by the registration department.

Frequently asked questions

What is the current guideline value of Shri Balaji Nagar?

The current guideline value of Shri Balaji Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 58 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing a significant overall increase of 1,797%.

What is the land classification of Shri Balaji Nagar?

Shri Balaji Nagar falls under Residential Class IV Type - III land classification.

What are the stamp duty and registration fees for property in Shri Balaji Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Shri Balaji Nagar?

The Chennai South Joint I Sub Registrar Office handles registrations for Shri Balaji Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.