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

Guideline Value

Corporate

Guideline Value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th CROSS STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar West (kallikuppam) 5th 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) 5th 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) 5th CROSS STREET guideline value

The current guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th 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) 5th CROSS STREET has changed

The guideline value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th CROSS STREET has experienced 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 was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 2,100 per sq.ft. The register has no figure for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. The jump from 2007 to 2012 was a remarkable 233%, while the value decreased by 33% from 2012 to 2017. 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 the 2024 guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, placing SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th CROSS STREET below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th 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 would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, while the registration fee at 2% would be Rs 42,000, bringing the total cost 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.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th CROSS STREET?

The SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th CROSS STREET is covered by 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 plays a crucial role during the registration of property transactions in Korattur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers as it influences the total cost of property transactions. It ensures that the registration process is transparent and based on the officially recognized values set by the Registration Department.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th CROSS STREET?

The current guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th 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 from Rs 600 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024. Notably, there was a significant increase of 250% overall from 2007 to 2024.

What is the land classification for this street?

The land classification for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th CROSS STREET is Residential Class III Type - I.

Where can I find the registration office for this area?

The registration office for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th CROSS STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 21,00,000, resulting in a total cost of Rs 1,89,000 for fees.