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Guideline Value

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Guideline Value for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar East (kallikuppam) 2nd 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) 2nd Street

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SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd STREET guideline value

The current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd 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) 2nd STREET has changed

Over the years, the guideline value for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd STREET has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, there was a decrease to Rs 1,340 per sq.ft in the 2017 revision. The most recent revision in 2024 has seen the value rise to Rs 2,100 per sq.ft, marking a 57% increase from the 2017 figure.

There are no figures available for the years 2023, 2003, and 2002 for this street. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 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) 2nd STREET is below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd STREET

For a 1,000 sq.ft plot at the current rate 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. Please 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 SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd STREET?

The SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd STREET falls under the Villivakkam Sub Registrar Office. The office is 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 is an essential factor during the registration of properties in Korattur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd STREET?

The current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd 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 significantly from Rs 600 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024. The highest value recorded was Rs 2,000 per sq.ft in 2012, followed by a decrease to Rs 1,340 per sq.ft in 2017.

What is the land classification for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd STREET?

The land classification for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 2nd STREET is Residential Class III Type - I. This classification affects the guideline value and property regulations in the area.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. This office handles the registration of properties in the Korattur area.

How is the stamp duty calculated for properties in Korattur?

Stamp duty for properties in Korattur is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 21,00,000, the stamp duty at 7% would be Rs 1,47,000.