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Guideline Value

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Guideline Value for SRI BALAJI NAGAR (KALLIKUPPAM) RAJAGOPALAN STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar (kallikuppam) Rajagopalan Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 2100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2100 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Sri Balaji Nagar (kallikuppam) Rajagopalan Street

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Sri Balaji Nagar (Kallikuppam) Rajagopalan Street guideline value

The current guideline value for Sri Balaji Nagar (Kallikuppam) Rajagopalan Street is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sri Balaji Nagar (Kallikuppam) Rajagopalan Street has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This value decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the guideline value increased significantly to Rs 2,100 per sq.ft, representing a rise of 57%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 5%.

The register has no figures for the years 2002, 2003, 2007, and 2023 for this street. Therefore, the only revisions available are from 2012, 2017, and 2024.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, which means that the guideline value for Sri Balaji Nagar (Kallikuppam) Rajagopalan Street is below the median.

Stamp duty and registration fee for property in Sri Balaji Nagar (Kallikuppam) Rajagopalan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, resulting in a total of Rs 1,89,000. 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 detailed calculations.

Which Sub Registrar Office covers Sri Balaji Nagar (Kallikuppam) Rajagopalan Street?

The Sri Balaji Nagar (Kallikuppam) Rajagopalan Street is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Korattur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property registration. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value for Sri Balaji Nagar (Kallikuppam) Rajagopalan Street?

The current guideline value for Sri Balaji Nagar (Kallikuppam) Rajagopalan Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,100 per sq.ft in 2024. Overall, there has been a 5% increase from 2012 to 2024.

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

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 and the registration fee would be Rs 42,000, totaling Rs 1,89,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for this street?

The Villivakkam Sub Registrar Office handles property registrations for Sri Balaji Nagar (Kallikuppam) Rajagopalan Street. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Sri Balaji Nagar (Kallikuppam) Rajagopalan Street?

The land classification for Sri Balaji Nagar (Kallikuppam) Rajagopalan Street is Residential Class III Type - I, indicating its suitability for residential purposes.