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Guideline Value

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Guideline Value for SRI BALAJI NAGAR EAST 2nd MAIN ROAD

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar East 2nd 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 2nd Main Road

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SRI BALAJI NAGAR EAST 2nd MAIN ROAD guideline value

The current guideline value of SRI BALAJI NAGAR EAST 2nd MAIN ROAD 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 2nd MAIN ROAD 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 233% rise. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 2,100 per sq.ft, which is a 57% increase from the 2017 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 250%. 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 have 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 2nd MAIN ROAD is below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR EAST 2nd MAIN ROAD

For a 1,000 sq.ft plot at the current rate of Rs 2,100 per sq.ft, the 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, totaling Rs 1,89,000. It is important to note that 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 2nd MAIN ROAD?

The Sub Registrar Office that covers SRI BALAJI NAGAR EAST 2nd MAIN ROAD is 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 determining the registration fees and stamp duty when buying or selling property in Korattur. It serves as a benchmark for property transactions, ensuring that the government receives appropriate revenue from property sales.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value for SRI BALAJI NAGAR EAST 2nd MAIN ROAD?

The current guideline value for SRI BALAJI NAGAR EAST 2nd 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 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 2nd MAIN ROAD?

SRI BALAJI NAGAR EAST 2nd MAIN ROAD is classified as Residential Class III Type - I.

Where can I find the registration office for this area?

The registration office for SRI BALAJI NAGAR EAST 2nd MAIN ROAD 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 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 7%.