Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then dropped to Rs 335 per sq.ft in 2017. The value remained at Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Athur B Block

Athur B Block has 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which means Balaji Nagar's 2024 figure is below that median.

• Balu Nagar: Rs 700 per sq.ft (2024)
• Baskara Rao Avenue Extn-1: Rs 700 per sq.ft (2024)
• Baskar Rav Avenue: Rs 1,100 per sq.ft (2024)
• Asmitha Garden: Rs 700 per sq.ft (2024)
• Ashmitha Gardens: Rs 700 per sq.ft (2024)
• B.R.R. Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. 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 Nagar?

The Sub Registrar Office that covers Balaji Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor in the registration process when buying or selling property in Athur B Block. It determines the stamp duty and registration fees that must be paid, ensuring that both parties in a transaction are aware of the official value set by the government.

When a property is sold, the buyer and seller will refer to the guideline value to calculate the applicable fees. This ensures transparency and compliance with local regulations during the property transfer process.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and remained at Rs 500 per sq.ft in both 2023 and 2024.

What is the median guideline value in Athur B Block?

The median guideline value in Athur B Block is Rs 700 per sq.ft, while Balaji Nagar's 2024 figure is below this median.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where is the Sub Registrar Office for Balaji Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.