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Guideline Value

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Guideline Value for THIRUVALLUR ROAD BALAJINAGAR MAIN STREET

₹500/sq.ft.

The guideline value for Thiruvallur Road Balajinagar Main Street in Uthukottai village (Oothukkottai SRO, Chennai zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Uthukottai

Village

Oothukkottai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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)

Near-government Hospital Uthukottai. 602026
044-27631361
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Thiruvallur Road Balajinagar Main Street

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Thiruvallur Road Balajinagar Main Street guideline value

The current guideline value for Thiruvallur Road Balajinagar Main Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village and falls under the Oothukkottai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thiruvallur Road Balajinagar Main Street has changed

The guideline value for Thiruvallur Road Balajinagar Main Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. This was followed by a significant increase in the 2023 revision, bringing the value back up to Rs 500 per sq.ft, where it remained for the 2024 revision as well. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%, resulting in the current value of Rs 500 per sq.ft. Overall, from 2012 to 2024, the guideline value has shown no change.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 500 per sq.ft. Thiruvallur Road Balajinagar Main Street's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in Thiruvallur Road Balajinagar Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total cost of Rs 45,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvallur Road Balajinagar Main Street?

The Thiruvallur Road Balajinagar Main Street is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Uthukottai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value for properties in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable stamp duty and registration fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Thiruvallur Road Balajinagar Main Street?

The current guideline value for Thiruvallur Road Balajinagar Main Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2023 bringing it back to Rs 500 per sq.ft after a decrease to Rs 335 per sq.ft in 2017.

What is the land classification for this area?

The land classification for Thiruvallur Road Balajinagar Main Street is Residential Class I Type - I.

Where can I find the registration office for Thiruvallur Road Balajinagar Main Street?

The registration office covering Thiruvallur Road Balajinagar Main Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.