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Guideline Value

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Guideline Value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar West (kallikuppam) 1st Cross Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 2100 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 5% change. 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 ₹2000 /sq.ft.
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 West (kallikuppam) 1st Cross Street

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SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET guideline value

The current guideline value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET is Rs 2,100 per sq.ft. This street is located in Korattur village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET has changed

The guideline value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET 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. However, this figure dropped to Rs 1,340 per sq.ft in 2017 before rising again to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 2,100 per sq.ft, marking a 5% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 250%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values 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, indicating that the 2024 figure for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET is below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS 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, charged at 7%, would be Rs 1,47,000, while the registration fee at 2% would be Rs 42,000. Together, the total cost for these fees would be Rs 1,89,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET?

The Sub Registrar Office that covers SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET is 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 information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Korattur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

When a property is sold, the guideline value is used to determine the applicable taxes, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET?

The current guideline value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS 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 multiple times, starting from Rs 600 per sq.ft in 2007, increasing to Rs 2,000 in 2012, dropping to Rs 1,340 in 2017, rising to Rs 2,000 in 2023, and finally reaching Rs 2,100 in 2024.

What is the land classification for this area?

The land classification for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Villivakkam Sub Registrar Office covers SRI BALAJI NAGAR WEST (KALLIKUPPAM) 1st CROSS STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is 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 plot of 1,000 sq.ft at the current rate, the total guideline value is Rs 21,00,000, resulting in a stamp duty of Rs 1,47,000.