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Guideline Value

Corporate

Guideline Value for Sri Balaji Nagar (Thilagar Street)

₹3850/sq.ft.

The guideline value for Sri Balaji Nagar (thilagar Street) in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Sri Balaji Nagar (thilagar Street)

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Sri Balaji Nagar (Thilagar Street) guideline value

The current guideline value of Sri Balaji Nagar (Thilagar Street) is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Balaji Nagar (Thilagar Street) has changed

The guideline value for Sri Balaji Nagar (Thilagar Street) has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 3,500 per sq.ft. In the 2024 revision, the value increased to Rs 3,850 per sq.ft, marking a change of +10% from the 2012 figure.

There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. The only available figures are from 2012 and 2024.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, which is equal to the guideline value of Sri Balaji Nagar (Thilagar Street).

Stamp duty and registration fee for property in Sri Balaji Nagar (Thilagar Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Nagar (Thilagar Street)?

The Sub Registrar Office that covers Sri Balaji Nagar (Thilagar Street) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This helps in standardizing the costs associated with property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar (Thilagar Street)?

The current guideline value of Sri Balaji Nagar (Thilagar Street) is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, reflecting a change of +10%. There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Sri Balaji Nagar (Thilagar Street)?

Sri Balaji Nagar (Thilagar Street) is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Virugambakkam Sub Registrar Office, which covers Sri Balaji Nagar (Thilagar Street), is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 38,50,000, leading to a total of Rs 3,46,500 in fees.