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Guideline Value

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Guideline Value for SRI BALAJI NAGAR EAST (KALLIKUPPAM) NORTH KOVIL STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar East (kallikuppam) North Kovil 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 East (kallikuppam) North Kovil Street

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Sri Balaji Nagar East (Kallikuppam) North Kovil Street guideline value

The current guideline value of Sri Balaji Nagar East (Kallikuppam) North Kovil 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) North Kovil Street has changed

The guideline value for Sri Balaji Nagar East (Kallikuppam) North Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a significant drop of 33%. However, the latest 2024 revision has increased the guideline value to Rs 2,100 per sq.ft, reflecting a rise of 57% from 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 5%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Korattur

In Korattur, there are a total of 617 streets under the Villivakkam SRO, with guideline values for 2024 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 the 2024 figure for Sri Balaji Nagar East (Kallikuppam) North Kovil Street below this median.

Stamp duty and registration fee for property in Sri Balaji Nagar East (Kallikuppam) North Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total 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, leading to a total cost of Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Balaji Nagar East (Kallikuppam) North Kovil Street?

The Sri Balaji Nagar East (Kallikuppam) North Kovil Street falls under the jurisdiction of 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 details.

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

The guideline value plays a critical role during the registration of property transactions in Korattur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these charges are aligned with the official valuation set by the government.

When buying or selling property, it is essential to consider the guideline value as it can significantly affect the overall costs involved in the transaction. Buyers must ensure that they are aware of the current guideline values to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar East (Kallikuppam) North Kovil Street?

The current guideline value of Sri Balaji Nagar East (Kallikuppam) North Kovil 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. This reflects a 57% increase from 2017 to 2024 and a 5% increase overall from 2012 to 2024.

What is the land classification for this area?

The land classification for Sri Balaji Nagar East (Kallikuppam) North Kovil Street is Residential Class III Type - I.

Which Sub Registrar Office is responsible for this street?

The Villivakkam Sub Registrar Office is responsible for Sri Balaji Nagar East (Kallikuppam) North Kovil Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

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