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Guideline Value

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Guideline Value for Srinivasa Nagar, Balaiah Gardern,

₹3850/sq.ft.

The guideline value for Srinivasa Nagar, Balaiah Gardern, in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 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

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Srinivasa Nagar, Balaiah Gardern,

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Srinivasa Nagar, Balaiah Gardern, guideline value

The current guideline value of Srinivasa Nagar, Balaiah Gardern, is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is part of Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Srinivasa Nagar, Balaiah Gardern, has changed

The guideline value for Srinivasa Nagar, Balaiah Gardern, has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 3,500 per sq.ft, which increased by 10% to Rs 3,850 per sq.ft in the 2024 revision.

This recent increase reflects a notable change in the guideline value, moving from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024. The 2024 figure is the most current and represents the latest valuation for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing the current value of Srinivasa Nagar, Balaiah Gardern, above this median.

Stamp duty and registration fee for property in Srinivasa Nagar, Balaiah Gardern,

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these fees Rs 3,46,500. Please note that 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 Srinivasa Nagar, Balaiah Gardern,?

The Sub Registrar Office that covers Srinivasa Nagar, Balaiah Gardern, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

It is important for buyers and sellers in Madipakkam-1 to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Accurate knowledge of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar, Balaiah Gardern?

The current guideline value of Srinivasa Nagar, Balaiah Gardern, is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

Recently, the guideline value increased from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, representing a 10% increase.

What is the land classification for Srinivasa Nagar, Balaiah Gardern?

Srinivasa Nagar, Balaiah Gardern, is classified as Residential Class I Type - I.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000.