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Guideline Value

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Guideline Value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th CROSS STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar West (kallikuppam) 4th 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) 4th Cross Street

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SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th CROSS STREET guideline value

The current guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th 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) 4th CROSS STREET has changed

The guideline value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th CROSS STREET has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft. The 2023 revision raised it to Rs 2,000 per sq.ft, and the most recent 2024 revision has set it at Rs 2,100 per sq.ft, reflecting a 5% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 250%. Notably, there are no figures available for the revisions in 2002 and 2003 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, which means that the guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th CROSS STREET is below the median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th 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 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th CROSS STREET?

The SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th CROSS STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For further assistance, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Korattur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are documented at a fair and consistent value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th CROSS STREET?

The current guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th 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 significantly 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.

What is the land classification for this area?

The land classification for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th CROSS STREET is Residential Class III Type - I.

Where can I find the registration office for this street?

The registration office covering SRI BALAJI NAGAR WEST (KALLIKUPPAM) 4th CROSS STREET is the Villivakkam Sub Registrar Office, 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 higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 at 7%.