Guideline Value

Corporate

Guideline Value for Sree Balaji Govinda nagar

₹1540/sq.ft.

The guideline value for Sree Balaji Govinda Nagar in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Sree Balaji Govinda Nagar

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Sree Balaji Govinda nagar guideline value

The current guideline value of Sree Balaji Govinda nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Sree Balaji Govinda nagar has changed

The guideline value for Sree Balaji Govinda nagar has undergone several revisions over the years. The oldest recorded figure is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in 2012, marking a 367% rise. However, in 2017, the value dropped to Rs 938 per sq.ft, representing a 33% decrease. The guideline value then saw a substantial increase to Rs 1,400 per sq.ft in 2023, followed by a further increase to Rs 1,540 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 413%. The revisions for the years 2002 and 2003 have no figures recorded for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which matches the 2024 guideline value of Sree Balaji Govinda nagar.

Stamp duty and registration fee for property in Sree Balaji Govinda nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees together to Rs 1,38,600. It is 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 Sree Balaji Govinda nagar?

The Sub Registrar Office that covers Sree Balaji Govinda nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sree Balaji Govinda nagar?

The current guideline value of Sree Balaji Govinda nagar is Rs 1,540 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 300 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 413% over the years.

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

Other streets in Thiruverkadu with the same guideline value of Rs 1,540 per sq.ft include Sri Abirami Nagar, Sooryanarayanan Road, Sri Devi Karumariamman nagar Extension, Sri Devi Karumariyamman Nagar, Sri Devi Nagar 2nd Cross Street, and Sri Devi Nagar 3rd Cross street.

What fees are associated with buying property in Sree Balaji Govinda nagar?

When buying property in Sree Balaji Govinda nagar, buyers need to pay a stamp duty of 7% and a registration fee of 2% based on the higher value between the guideline value and the sale price.

Where can I find the Sub Registrar Office for Sree Balaji Govinda nagar?

The Sub Registrar Office for Sree Balaji Govinda nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.