Guideline Value for BALAJI NAGAR P M ROYAL CITY

Balaji Nagar P M Royal City guideline value

The current guideline value of Balaji Nagar P M Royal City is Rs 167 per sq.ft, effective from 1 July 2024. This property is located in Parukkal village and falls under the Acchirapakkam SRO, classified as Commercial Class I Type - II.

How the guideline value of Balaji Nagar P M Royal City has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street. The guideline value was Rs 167 per sq.ft in the 2023 revision and remains unchanged in the 2024 revision, indicating a 0% change between these two years.

The 2024 revision has set the guideline value at Rs 167 per sq.ft, consistent with the previous year's figure. This stability suggests a consistent valuation for this property in Balaji Nagar P M Royal City.

Guideline values in Parukkal

In Parukkal, three streets under the Acchirapakkam SRO have a 2024 guideline value ranging from Rs 167 to Rs 320 per sq.ft, with a median value of Rs 299 per sq.ft. The guideline value for Balaji Nagar P M Royal City is below this median.

• Golden Garden: Rs 299 per sq.ft (2024)
• சாய்ஷா கார்டன் மனைப்பிரிவு -1: Rs 320 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar P M Royal City

For a 1,000 sq.ft plot at the current rate of Rs 167 per sq.ft, the guideline value amounts to Rs 1,67,000. The stamp duty at 7% would be Rs 11,690, and the registration fee at 2% would be Rs 3,340, totaling Rs 15,030. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar P M Royal City?

The Acchirapakkam Sub Registrar Office covers Balaji Nagar P M Royal City, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Parukkal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the official valuation for the property, which is essential for legal and financial purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Balaji Nagar P M Royal City?

The current guideline value of Balaji Nagar P M Royal City is Rs 167 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 167 per sq.ft from 2023 to 2024. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017 for this street.

What are the stamp duty and registration fees for property in Balaji Nagar P M Royal City?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 15,030, which includes Rs 11,690 for stamp duty and Rs 3,340 for the registration fee.

Which office handles registrations for Balaji Nagar P M Royal City?

The Acchirapakkam Sub Registrar Office handles registrations for Balaji Nagar P M Royal City, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is the guideline value determined for properties in Parukkal?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically. It serves as a basis for calculating taxes and fees related to property transactions.