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Guideline Value

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Guideline Value for SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar East (kallikuppam) 4th 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) 4th Street

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SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th STREET guideline value

The current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th 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) 4th STREET has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a change of +233%. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, reflecting a decline of -33%. The latest revision in 2024 sees the value rise again to Rs 2,100 per sq.ft, which is an increase of +57% from 2017. The register has no figures for the years 2023, 2003, and 2002 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +250%. This fluctuation in the guideline value indicates changes in the real estate landscape of the area over the years.

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 of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th STREET is below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th STREET

For a 1,000 sq.ft plot at the current rate, 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, making the total Rs 1,89,000. 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 more details.

Which Sub Registrar Office covers SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th STREET?

The SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th STREET falls under 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 the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th STREET?

The current guideline value of SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th 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, representing an overall increase of +250% over the years.

What are the other streets in Korattur with the same guideline value?

Other streets in Korattur with the same guideline value of Rs 2,100 per sq.ft for 2024 include SRI BALAJI NAGAR EAST (KALLIKUPPAM) 1st, 2nd, 3rd, 5th, 6th, and 7th streets, as well as Sri Balaji Nagar East North Kovil Street.

What fees are associated with purchasing property in SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th STREET?

When purchasing property, buyers are required to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Villivakkam Sub Registrar Office covers SRI BALAJI NAGAR EAST (KALLIKUPPAM) 4th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.