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Guideline Value

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Guideline Value for SRI BALAJI NAGAR WEST 3rd MAIN ROAD

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar West 3rd 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 N/A
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 3rd Main Road

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SRI BALAJI NAGAR WEST 3rd MAIN ROAD guideline value

The current guideline value of SRI BALAJI NAGAR WEST 3rd 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 Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of SRI BALAJI NAGAR WEST 3rd MAIN ROAD has changed

The guideline value for SRI BALAJI NAGAR WEST 3rd MAIN ROAD has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which significantly increased to Rs 2,000 per sq.ft in 2012. This marked a remarkable change of 233%. The value remained unchanged at Rs 2,000 per sq.ft until the 2023 revision, when it increased to Rs 2,100 per sq.ft, reflecting a 5% rise.

From the 2007 revision to the current 2024 revision, the overall increase in guideline value is 250%, reaching Rs 2,100 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Korattur

In Korattur, there are a total of 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, indicating that the guideline value for SRI BALAJI NAGAR WEST 3rd MAIN ROAD is below this median.

Stamp duty and registration fee for property in SRI BALAJI NAGAR WEST 3rd MAIN ROAD

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 together to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers SRI BALAJI NAGAR WEST 3rd MAIN ROAD?

The SRI BALAJI NAGAR WEST 3rd MAIN ROAD is covered by 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 information.

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

The guideline value is a crucial factor when registering property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that the government receives the correct revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs involved in the transaction. Buyers and sellers should ensure that they are informed about these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of SRI BALAJI NAGAR WEST 3rd MAIN ROAD?

The current guideline value of SRI BALAJI NAGAR WEST 3rd MAIN ROAD is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 2,100 per sq.ft in 2024. Notably, there was a significant increase of 233% between 2007 and 2012.

What are the other streets in Korattur with the same guideline value?

Other streets in Korattur with the same guideline value of Rs 2,100 per sq.ft include SRI BALAJI NAGAR WEST 2nd MAIN ROAD, Sri Balaji Nagar West Extension Eden Street, SRI BALAJI NAGAR WEST 1st MAIN ROAD, and several streets in the KALLIKUPPAM area.

What is the registration fee for property in SRI BALAJI NAGAR WEST 3rd MAIN ROAD?

The registration fee for property in SRI BALAJI NAGAR WEST 3rd MAIN ROAD is calculated at 2% of the guideline value. For a property valued at Rs 21,00,000, the registration fee would amount to Rs 42,000.

Where can I find the Sub Registrar Office for SRI BALAJI NAGAR WEST 3rd MAIN ROAD?

The Villivakkam Sub Registrar Office covers SRI BALAJI NAGAR WEST 3rd MAIN ROAD. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.