Guideline Value for BALAJI CITY RADHAN NAGAR

Balaji City Radhan Nagar guideline value

The current guideline value of Balaji City Radhan Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kattoor village under the Thiruporur SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Balaji City Radhan Nagar has changed

Looking at the revisions, the guideline value for Balaji City Radhan Nagar has seen several changes over the years. In 2012, the value was set at Rs 250 per sq.ft, which remained unchanged until the next revision in 2017, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, by 2023, the value had increased to Rs 250 per sq.ft again, reflecting a 50% increase from the 2017 figure.

The most recent revision in 2024 retained the guideline value at Rs 250 per sq.ft, indicating no change from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kattoor

In Kattoor, there are 22 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,493 per sq.ft, with a median value of Rs 749 per sq.ft. The guideline value of Balaji City Radhan Nagar is below this median.

• Arumugam Nagar Phase III: Rs 896 per sq.ft (2024)
• Arumugam Nagar Phase II: Rs 896 per sq.ft (2024)
• Brindhavan Nagar Phase I: Rs 250 per sq.ft (2024)
• Adp Dram City: Rs 1,269 per sq.ft (2024)
• M.S. Nagar: Rs 1,269 per sq.ft (2024)
• Palm Avenue: Rs 602 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji City Radhan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these charges Rs 22,500. 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 Balaji City Radhan Nagar?

The Sub Registrar Office that covers Balaji City Radhan Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kattoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Balaji City Radhan Nagar?

The current guideline value of Balaji City Radhan Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, and then back to Rs 250 per sq.ft in 2023 and 2024.

What is the median guideline value in Kattoor?

The median guideline value in Kattoor is Rs 749 per sq.ft, with Balaji City Radhan Nagar's value being below this median.

What are the stamp duty and registration fees for property in Balaji City Radhan Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500 based on the current guideline value.

Which office handles registrations for Balaji City Radhan Nagar?

The Thiruporur Sub Registrar Office handles registrations for Balaji City Radhan Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.