Guideline Value for BALAJI NAGAR & EXT

Balaji Nagar & Ext guideline value

The current guideline value of Balaji Nagar & Ext is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Palliyaraikuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Special Type - III.

How the guideline value of Balaji Nagar & Ext has changed

The guideline value for Balaji Nagar & Ext has seen several revisions over the years. The oldest recorded figure is from 2012, which was Rs 200 per sq.ft. In 2017, the value decreased to Rs 134 per sq.ft, marking a decline of 33%. However, by 2023, the value rebounded to Rs 200 per sq.ft, reflecting a significant increase of 49% from 2017. The current revision in 2024 maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Balaji Nagar & Ext. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Palliyaraikuppam

In Palliyaraikuppam, there are 10 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Balaji Nagar & Ext below this median.

• Gothavari Nagar: Rs 200 per sq.ft (2024)
• I.C.F. Nagar & Annex: Rs 200 per sq.ft (2024)
• J.J. Nagar: Rs 400 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Sarojammal Nagar: Rs 400 per sq.ft (2024)
• Thiruttanigai Nagar & Ext: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar & Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Balaji Nagar & Ext?

Balaji Nagar & Ext 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 information.

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

The guideline value plays a crucial role during the registration of property in Palliyaraikuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Balaji Nagar & Ext?

The current guideline value of Balaji Nagar & Ext is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023.

What are the other streets in Palliyaraikuppam?

Other streets in Palliyaraikuppam include Gothavari Nagar, I.C.F. Nagar & Annex, J.J. Nagar, Kumaran Nagar, Sarojammal Nagar, and Thiruttanigai Nagar & Ext, with varying guideline values.

What is the registration fee for property in Balaji Nagar & Ext?

The registration fee for property in Balaji Nagar & Ext is calculated based on the guideline value. For example, a property valued at Rs 2,00,000 would incur a registration fee of Rs 4,000 at 2%.

Where can I find the Sub Registrar Office for Balaji Nagar & Ext?

The Sub Registrar Office covering Balaji Nagar & Ext is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more details online.