Guideline Value for BALAGANGATHARAR THILAKAR STREET

Balagangatharar Thilakar Street guideline value

The current guideline value of Balagangatharar Thilakar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Balagangatharar Thilakar Street has changed

The guideline value for Balagangatharar Thilakar Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The subsequent revision in 2023 saw an increase to Rs 2,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 2,000 per sq.ft. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10% from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that Balagangatharar Thilakar Street's 2024 figure is below the median.

• Avvaiyar Street: Rs 2,800 per sq.ft (2024)
• Atrium: Rs 2,800 per sq.ft (2024)
• Athiyaman Street: Rs 2,800 per sq.ft (2024)
• Bharathidasan Street: Rs 2,800 per sq.ft (2024)
• Bharathiyar Street: Rs 3,300 per sq.ft (2024)
• Bharathy Avenue: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Balagangatharar Thilakar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be 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, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balagangatharar Thilakar Street?

The Sub Registrar Office that covers Balagangatharar Thilakar Street 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 Perungudi

The guideline value is a crucial factor when registering property transactions in Perungudi. It serves as a benchmark for determining the stamp duty and registration fees payable during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Balagangatharar Thilakar Street?

The current guideline value of Balagangatharar Thilakar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Balagangatharar Thilakar Street?

Balagangatharar Thilakar Street is classified as Residential Class IV Type - I.

What are the other streets in Perungudi and their guideline values?

Other streets in Perungudi include Avvaiyar Street, Atrium, Athiyaman Street, Bharathidasan Street, Bharathiyar Street, and Bharathy Avenue, with guideline values ranging from Rs 2,800 to Rs 3,300 per sq.ft.

Where can I find the Neelankarai Sub Registrar Office?

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