Guideline Value for BALACHANDRA BUILDER PARK

Balachandra Builder Park guideline value

The current guideline value for Balachandra Builder Park is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Balachandra Builder Park has changed

The guideline value register has no figures for Balachandra Builder Park for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,200 per sq.ft.

Since there are no figures available for the previous revisions, it can be noted that the guideline value has remained consistent, with no changes recorded between the revisions.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, there are 754 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value for Balachandra Builder Park. Below are other streets in Sholinganallur - 1:

• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Bakkingam Canal Road: Rs 1,700 per sq.ft (2024)
• Bajanai Koil Street: Rs 2,200 per sq.ft (2024)
• Babu Street: Rs 2,200 per sq.ft (2024)
• Balakrishnan Street: Rs 2,200 per sq.ft (2024)
• Balamurugan Thottam: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Balachandra Builder Park

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Balachandra Builder Park?

The Sub Registrar Office that covers Balachandra Builder Park is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered as a baseline to ensure that the transaction is accurately reflected in official records. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for Balachandra Builder Park?

The current guideline value for Balachandra Builder Park is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for Balachandra Builder Park for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision in 2024 sets the value at Rs 2,200 per sq.ft, with no changes noted in previous revisions.

What is the land classification for Balachandra Builder Park?

Balachandra Builder Park is classified as Residential Class II Type - III according to the Neelankarai SRO guidelines.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Balachandra Builder Park located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.