Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Maakaanyam village under the Sriperumpudur SRO, is Rs 450 per sq.ft, effective from 1 July 2024. This area 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. The most recent revision in 2024 maintains the guideline value at Rs 450 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 300 per sq.ft, marking a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the only revisions with recorded values are from 2017, 2023, and 2024.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Balaji Nagar's 2024 figure above that median.

• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Colony Bajanai Koil Street: Rs 100 per sq.ft (2024)
• Anjaneya nagar: Rs 110 per sq.ft (2024)
• Cross Street: Rs 110 per sq.ft (2024)
• Crystal Park: Rs 500 per sq.ft (2024)
• Amman Koil Street: Rs 150 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 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total fees to Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar?

The Balaji Nagar area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maakaanyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that all transactions are compliant with local regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value of Balaji Nagar changed over the years?

The guideline value has remained at Rs 450 per sq.ft from 2023 to 2024. It increased from Rs 300 per sq.ft in 2017 to Rs 450 per sq.ft in 2023, marking a 50% increase over that period.

What is the land classification of Balaji Nagar?

Balaji Nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes.

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

The Sub Registrar Office covering Balaji Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Balaji Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 at 7%, along with a registration fee of Rs 9,000 at 2%.