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

Guideline Value

Corporate

Guideline Value for SRI BALAJI NAGAR WEST 1st MAIN ROAD

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar West 1st Main Road 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 1st Main Road

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 1st MAIN ROAD guideline value

The current guideline value for SRI BALAJI NAGAR WEST 1st MAIN ROAD 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 with a land classification of Residential Class III Type - I.

How the guideline value of SRI BALAJI NAGAR WEST 1st MAIN ROAD has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 233%. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. The value then rose sharply to Rs 2,000 per sq.ft in the 2023 revision, and further increased to Rs 2,100 per sq.ft in the 2024 revision, showing a 5% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 250%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with 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, which means SRI BALAJI NAGAR WEST 1st MAIN ROAD's current figure is below that median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR WEST 1st MAIN ROAD

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.

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

Which Sub Registrar Office covers SRI BALAJI NAGAR WEST 1st MAIN ROAD?

The Sub Registrar Office that covers SRI BALAJI NAGAR WEST 1st MAIN ROAD is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the authorities use the guideline value to ensure that the correct fees are collected based on the current valuation of the property. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR WEST 1st MAIN ROAD?

The current guideline value of SRI BALAJI NAGAR WEST 1st MAIN ROAD 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 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 property registrations for SRI BALAJI NAGAR WEST 1st MAIN ROAD?

The Villivakkam Sub Registrar Office is responsible for handling property registrations for SRI BALAJI NAGAR WEST 1st MAIN ROAD.

What is the land classification for SRI BALAJI NAGAR WEST 1st MAIN ROAD?

The land classification for SRI BALAJI NAGAR WEST 1st MAIN ROAD is Residential Class III Type - I.