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Guideline Value

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Guideline Value for SRI BALAJI NAGAR EAST 3rd MAIN ROAD

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar East 3rd 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 3rd Main Road

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SRI BALAJI NAGAR EAST 3rd MAIN ROAD guideline value

The current guideline value of SRI BALAJI NAGAR EAST 3rd 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 3rd MAIN ROAD has changed

Over the years, the guideline value of SRI BALAJI NAGAR EAST 3rd MAIN ROAD has undergone several revisions. The earliest recorded figure was Rs 600 per sq.ft in 2007. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a remarkable rise of 233%. However, in the following revision in 2017, the value dropped to Rs 1,340 per sq.ft, which represented a decrease of 33%. The most recent revision in 2024 has set the guideline value at Rs 2,100 per sq.ft, reflecting a substantial increase of 57% from the 2017 figure.

It is important to note that 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing SRI BALAJI NAGAR EAST 3rd MAIN ROAD below that median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR EAST 3rd 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 amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SRI BALAJI NAGAR EAST 3rd MAIN ROAD?

The SRI BALAJI NAGAR EAST 3rd MAIN ROAD 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 plays a crucial role in the registration process of property transactions in Korattur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the financial obligations during the registration of property. Understanding this value helps in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR EAST 3rd MAIN ROAD?

The current guideline value of SRI BALAJI NAGAR EAST 3rd 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 this period.

What is the land classification for SRI BALAJI NAGAR EAST 3rd MAIN ROAD?

The land classification for SRI BALAJI NAGAR EAST 3rd MAIN ROAD is Residential Class III Type - I.

Where can I find the registration office for this area?

The registration office covering SRI BALAJI NAGAR EAST 3rd 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 21,00,000, the stamp duty at 7% would be Rs 1,47,000.