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Guideline Value

Corporate

Guideline Value for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar East (kallikuppam) 3rd 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) 3rd Street

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SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET guideline value

The current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Korattur village under the Villivakkam SRO and is classified as Residential Class III Type - I.

How the guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 233%. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. The most recent 2024 revision shows a substantial increase to Rs 2,100 per sq.ft, which is a rise of 57% from the 2017 figure.

There are no figures available 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, with 2024 guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, placing SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET's 2024 figure below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET

For a 1,000 sq.ft plot 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 be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET?

The SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 a crucial factor in property transactions in Korattur, as it determines the minimum value at which properties can be registered. Buyers must be aware that the guideline value influences the amount of stamp duty and registration fees they will need to pay during the transaction.

When a property is sold, the guideline value serves as a reference point for the registration process. It ensures that the property is registered at a value that reflects its worth according to government assessments, which helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET?

The current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd 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, marking an overall increase of 250% over the years.

What is the land classification for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET?

SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET is classified as Residential Class III Type - I.

Where can I find the registration office for this street?

The registration office covering SRI BALAJI NAGAR EAST (KALLIKUPPAM) 3rd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Korattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at a guideline value of Rs 2,100 per sq.ft, the stamp duty would be calculated accordingly during property registration.