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Guideline Value

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Guideline Value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 6th CROSS STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar West (kallikuppam) 6th 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) 6th Cross Street

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SRI BALAJI NAGAR WEST (KALLIKUPPAM) 6th CROSS STREET guideline value

The current guideline value of SRI BALAJI NAGAR WEST (KALLIKUPPAM) 6th 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) 6th CROSS STREET has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value dropped to Rs 1,340 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,000 per sq.ft, followed by the current value of Rs 2,100 per sq.ft effective from July 2024, marking a 5% increase from the previous year. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 250%. The increase from 2012 to 2017 was a decrease of 33%, while the increase from 2017 to 2023 was a substantial 49%. The significant jump from 2007 to 2012 was 233%.

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, with a median value of Rs 2,500 per sq.ft. The guideline value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 6th CROSS STREET is below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR WEST (KALLIKUPPAM) 6th CROSS STREET

For a 1,000 sq.ft plot at the current rate of Rs 2,100 per sq.ft, the 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, totaling 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers SRI BALAJI NAGAR WEST (KALLIKUPPAM) 6th CROSS STREET?

The SRI BALAJI NAGAR WEST (KALLIKUPPAM) 6th CROSS STREET falls under 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 in the registration process when buying or selling property in Korattur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that all parties are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 6th CROSS STREET?

The current guideline value for SRI BALAJI NAGAR WEST (KALLIKUPPAM) 6th 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, marking a total increase of 250% over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

Are there other streets in Korattur with the same guideline value?

Yes, several other streets in Korattur have the same guideline value of Rs 2,100 per sq.ft for the year 2024, including SRI BALAJI NAGAR WEST (KALLIKUPPAM) 5th CROSS STREET, Sri Balaji Nagar West Pillaiyar Koil Street, and others.