Guideline Value for BALA ABIRAMI GARDAN

Bala Abirami Gardan guideline value

The current guideline value of Bala Abirami Gardan is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Mamandoor village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - I.

How the guideline value of Bala Abirami Gardan has changed

The guideline value for Bala Abirami Gardan has remained consistent at Rs 800 per sq.ft for the revisions in 2023 and 2024. Prior to this, in 2012, the guideline value was also Rs 800 per sq.ft, but it experienced a decrease to Rs 536 per sq.ft in 2017, marking a decline of 33%. From 2017 to 2023, there was a significant increase of 49% bringing it back to Rs 800 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 800 per sq.ft.

Guideline values in Mamandoor

In Mamandoor, there are 41 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,200 per sq.ft, with a median value of Rs 500 per sq.ft. Bala Abirami Gardan's 2024 figure of Rs 800 per sq.ft is above this median.

• Chennai Avenue: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase -I: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase II: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase -III: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase IV: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase -V: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Bala Abirami Gardan

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bala Abirami Gardan?

The Sub Registrar Office that covers Bala Abirami Gardan is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded accurately with the appropriate fees applied.

When buying or selling property in Mamandoor, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the transaction process. This ensures that all parties are aware of the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Bala Abirami Gardan?

The current guideline value of Bala Abirami Gardan is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft for the revisions in 2023 and 2024. It decreased to Rs 536 per sq.ft in 2017 from Rs 800 per sq.ft in 2012, and there was a 49% increase from 2017 to 2023.

What are the guideline values of other streets in Mamandoor?

Other streets in Mamandoor have a guideline value ranging from Rs 300 to Rs 1,200 per sq.ft, with a median value of Rs 500 per sq.ft. Bala Abirami Gardan's value is above this median.

What fees are associated with buying property in Bala Abirami Gardan?

When buying property in Bala Abirami Gardan, you will incur stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bala Abirami Gardan?

The Chengleput Joint II Sub Registrar Office covers Bala Abirami Gardan, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.