Guideline Value for BALAJI GARDENS

Balaji Gardens guideline value

The current guideline value for Balaji Gardens is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Thirukkachur - 1 village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Balaji Gardens has changed

The guideline value for Balaji Gardens has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 600 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, indicating a stabilization in the value after the fluctuations observed in earlier years.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the guideline value of Balaji Gardens.

• Bharathiyar Street: Rs 550 per sq.ft (2024)
• Anna Nagar (Tkr): Rs 550 per sq.ft (2024)
• Anna Nagar Mettu Street: Rs 550 per sq.ft (2024)
• Amman Koil Street: Rs 550 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 550 per sq.ft (2024)
• Akshaya Homes: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Gardens?

The Sub Registrar Office that covers Balaji Gardens is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO here.

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

The guideline value is a critical factor when registering property transactions in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in maintaining a standard value for properties in the area, which is essential for both buyers and sellers during negotiations.

Frequently asked questions

What is the current guideline value of Balaji Gardens?

The current guideline value of Balaji Gardens is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What other streets have guideline values in Thirukkachur - 1?

Other streets in Thirukkachur - 1 include Bharathiyar Street, Anna Nagar (Tkr), Anna Nagar Mettu Street, Amman Koil Street, Dharmaraja Koil Street, and Akshaya Homes, with values ranging from Rs 550 to Rs 2,750 per sq.ft.

What are the stamp duty and registration fees for property in Balaji Gardens?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Where is the Sub Registrar Office for Balaji Gardens located?

The Sub Registrar Office for Balaji Gardens is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.