Guideline Value for BALA NAGAR

Bala Nagar guideline value

The current guideline value of Bala Nagar, located in Netteri village under the Kanchipuram Joint I SRO, is Rs 495 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Bala Nagar has changed

The guideline value for Bala Nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 495 per sq.ft, reflecting a 10% increase from the 2023 revision, which was Rs 450 per sq.ft. Prior to 2023, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the 2023 to 2024 revision marked a significant increase, while earlier revisions do not provide any figures for Bala Nagar. The current rate is above the median guideline value of Rs 469 per sq.ft for other streets in Netteri under the Kanchipuram Joint I SRO.

Guideline values in Netteri

In Netteri village, there are 34 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 800 per sq.ft. Bala Nagar's 2024 figure of Rs 495 per sq.ft is above the median value of Rs 469 per sq.ft. Below are the guideline values for other streets in Netteri:

• Arul garden Phase 4: Rs 442 per sq.ft (2024)
• Arul Garden Phase 3: Rs 442 per sq.ft (2024)
• Aayiyappan Nagar: Rs 700 per sq.ft (2024)
• Andal Nagar: Rs 495 per sq.ft (2024)
• Arul Garden Phase I: Rs 660 per sq.ft (2024)
• Arul Garden Phase II: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Bala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 495 per sq.ft, the total guideline value would be Rs 4,95,000. The stamp duty at 7% would amount to Rs 34,650, and the registration fee at 2% would be Rs 9,900, making a total of Rs 44,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bala Nagar?

The Kanchipuram Joint I Sub Registrar Office covers Bala Nagar. The office is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Netteri. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a buyer or seller approaches the registration office, the guideline value serves as a reference point to ensure that the property is not undervalued. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bala Nagar?

The current guideline value of Bala Nagar is Rs 495 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

Recently, the guideline value increased from Rs 450 per sq.ft in 2023 to Rs 495 per sq.ft in 2024, marking a 10% increase.

What is the land classification of Bala Nagar?

Bala Nagar falls under the Residential Class II Type - I land classification.

Where can I find the registration office for Bala Nagar?

The registration office for Bala Nagar is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 495 per sq.ft, the total guideline value would be Rs 4,95,000, leading to specific fees that can be calculated using the stamp duty and registration fee calculator.