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Guideline Value

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Guideline Value for SRI BALAJI NAGAR WEST PILLAIYAR KOIL STREET

₹2100/sq.ft.

The guideline value for Sri Balaji Nagar West Pillaiyar Koil 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 ₹118 /sq.ft.
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 Pillaiyar Koil Street

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Sri Balaji Nagar West Pillaiyar Koil Street guideline value

The current guideline value of Sri Balaji Nagar West Pillaiyar Koil 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 Pillaiyar Koil Street has changed

The guideline value for Sri Balaji Nagar West Pillaiyar Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 118 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. This was followed by a further increase to Rs 2,000 per sq.ft in 2012. However, the value decreased to Rs 1,340 per sq.ft in 2017. The guideline value then rose to Rs 2,000 per sq.ft in 2023, and finally to the current rate of Rs 2,100 per sq.ft in 2024. Notably, there is no figure available for this street in the 2003 revision.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 5%. The value saw a remarkable increase of 233% from 2007 to 2012, and an astounding rise of 408% from 2002 to 2007. Overall, from 2002 to 2024, the guideline value has increased by 1680%.

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. The median guideline value for these streets is Rs 2,500 per sq.ft, placing Sri Balaji Nagar West Pillaiyar Koil Street's 2024 figure below this median.

Stamp duty and registration fee for property in Sri Balaji Nagar West Pillaiyar Koil 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's important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Nagar West Pillaiyar Koil Street?

The Sub Registrar Office that covers Sri Balaji Nagar West Pillaiyar Koil Street is 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 is a crucial factor in property transactions in Korattur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating prices to ensure compliance with registration regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar West Pillaiyar Koil Street?

The current guideline value of Sri Balaji Nagar West Pillaiyar Koil 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 increased from Rs 118 per sq.ft in 2002 to Rs 2,100 per sq.ft in 2024, marking an overall increase of 1680% over the years.

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 in 2024 include several cross streets in Sri Balaji Nagar West (Kallikuppam).

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 should I approach for registration in this area?

The Villivakkam Sub Registrar Office covers the registration for Sri Balaji Nagar West Pillaiyar Koil Street. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.