Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd CROSS STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar West (kallikuppam) 3rd 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) 3rd Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd CROSS STREET guideline value

The current guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd CROSS 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 WEST (KALLIKUPPAM) 3rd CROSS STREET has changed

The guideline value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd CROSS STREET has undergone several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 233%. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft, which was a decrease of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 2,100 per sq.ft, an increase of 5% from the previous year.

There are no figures available for the revisions in 2002 and 2003 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, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value is Rs 2,500 per sq.ft, which means that the 2024 figure for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd CROSS STREET is below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd 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 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 duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd CROSS STREET?

The Sub Registrar Office that covers SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd 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 a critical factor when buying or selling property in Korattur, as it determines the minimum value at which a property can be registered. This value is used by the registration office to calculate the applicable stamp duty and registration fees, ensuring that the property is valued fairly according to the local standards.

When a buyer decides to purchase a property, they must consider the guideline value to understand the financial implications of the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd CROSS STREET?

The current guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd 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 seen several changes, increasing from Rs 600 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, which is a total increase of 250% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 and the registration fee would be Rs 42,000, totaling Rs 1,89,000.

Which office handles registrations for this street?

The Villivakkam Sub Registrar Office handles registrations for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd CROSS STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this street?

The land classification for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 3rd CROSS STREET is Residential Class III Type - I.