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Guideline Value

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Guideline Value for SRI BALAJI NAGAR EAST 1st MAIN ROAD

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar East 1st Main Road 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 1st Main Road

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SRI BALAJI NAGAR EAST 1st MAIN ROAD guideline value

The current guideline value of SRI BALAJI NAGAR EAST 1st MAIN ROAD is Rs 2,100 per sq.ft, effective from 1 July 2024. This road is located in Korattur village and falls under the Villivakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of SRI BALAJI NAGAR EAST 1st MAIN ROAD has changed

The guideline value for SRI BALAJI NAGAR EAST 1st MAIN ROAD has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which 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, reflecting a drop of -33%. The most recent revision in 2024 set the guideline value at Rs 2,100 per sq.ft, which is an increase of +57% from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by +250%, illustrating significant changes in property valuation over this period. It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street.

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. The median guideline value for these streets is Rs 2,500 per sq.ft, and SRI BALAJI NAGAR EAST 1st MAIN ROAD's 2024 figure is below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR EAST 1st MAIN ROAD

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

Which Sub Registrar Office covers SRI BALAJI NAGAR EAST 1st MAIN ROAD?

The SRI BALAJI NAGAR EAST 1st MAIN ROAD is covered by 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 when buying or selling property in Korattur, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the guideline value to understand the costs involved in the registration process.

When a property is registered, the guideline value serves as a benchmark for the transaction price, ensuring that the fees are calculated accurately based on the prevailing rates. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR EAST 1st MAIN ROAD?

The current guideline value of SRI BALAJI NAGAR EAST 1st MAIN ROAD 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, starting from Rs 600 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, reflecting an overall increase of +250% over the years.

Which Sub Registrar Office covers SRI BALAJI NAGAR EAST 1st MAIN ROAD?

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

What are the stamp duty and registration fees for this property?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 1,89,000 based on the current guideline value.

What is the land classification for SRI BALAJI NAGAR EAST 1st MAIN ROAD?

The land classification for SRI BALAJI NAGAR EAST 1st MAIN ROAD is Residential Class III Type - I, which indicates its intended use for residential purposes.