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Guideline Value

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Guideline Value for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar East (kallikuppam) 1st 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 ₹600 /sq.ft.
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 East (kallikuppam) 1st Street

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SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET guideline value

The current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st 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 EAST (KALLIKUPPAM) 1st STREET has changed

Over the years, the guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET has seen several revisions. In 2007, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a change of +233%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, which was a decline of -33%. The most recent revision in 2024 set the guideline value at Rs 2,100 per sq.ft, representing an increase of +57% from the 2017 figure.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by +250%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET is below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET

For a property measuring 1,000 sq.ft at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET?

The SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET falls under 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Korattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives proper revenue through stamp duty and registration fees.

When buying or selling property, buyers should be aware that the guideline value influences the total cost of registration. This means that the stamp duty and registration fees will be calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET?

The current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st 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 600 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, marking an overall increase of +250% over the years.

What are the stamp duty and registration fees for properties 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.

Which Sub Registrar Office covers this street?

The Villivakkam Sub Registrar Office covers SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET?

The land classification for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st STREET is Residential Class III Type - I.