Guideline Value for BALA VINAYAGAR NAGAR

Bala Vinayagar Nagar guideline value

The current guideline value of Bala Vinayagar Nagar, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Bala Vinayagar Nagar has changed

The guideline value for Bala Vinayagar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision and further to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33%, but the overall change from 2012 to 2024 reflects a 10% increase. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median of Rs 1,100 per sq.ft. Bala Vinayagar Nagar's 2024 figure of Rs 1,320 per sq.ft is above this median.

• Bethar Street: Rs 550 per sq.ft (2024)
• Bai - Pass Road: Rs 3,300 per sq.ft (2024)
• Bhavani Nagar: Rs 879 per sq.ft (2024)
• Ayyanar Avenue: Rs 1,320 per sq.ft (2024)
• Athiyaman Street: Rs 1,100 per sq.ft (2024)
• Athiyaman Cross Street: Rs 879 per sq.ft (2024)

Stamp duty and registration fee for property in Bala Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bala Vinayagar Nagar?

Bala Vinayagar Nagar falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable on the transaction, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bala Vinayagar Nagar?

The current guideline value of Bala Vinayagar Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Bala Vinayagar Nagar?

Bala Vinayagar Nagar is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in Bala Vinayagar Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Bala Vinayagar Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Bala Vinayagar Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.