Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Keerapakkam village, under the Thirukazhukundram SRO, and is classified as Residential Special Type - III.

How the guideline value of Balaji Nagar has changed

Looking at the revisions over the years, the guideline value for Balaji Nagar has remained consistent at Rs 800 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

The 2024 revision shows no change from the previous year, indicating a stable guideline value of Rs 800 per sq.ft. This consistency suggests that the value has not fluctuated between the 2023 and 2024 revisions.

Guideline values in Keerapakkam

In Keerapakkam, there are 7 streets that carry a 2024 guideline value, ranging from Rs 100 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Balaji Nagar's 2024 figure above this median.

• Jaya Nagar: Rs 200 per sq.ft (2024)
• Mala Avenue: Rs 200 per sq.ft (2024)
• Punitha Anthoniyar Nagar: Rs 250 per sq.ft (2024)
• Santhosh Nagar: Rs 300 per sq.ft (2024)
• Sastha Nagar: Rs 100 per sq.ft (2024)
• Vasan Nagar: Rs 250 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 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office that covers Balaji Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Keerapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value ensures that the fees are calculated based on an established rate, preventing undervaluation of properties and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Balaji Nagar has remained at Rs 800 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

What is the land classification of Balaji Nagar?

Balaji Nagar is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

What are the other streets in Keerapakkam and their guideline values?

Other streets in Keerapakkam include Jaya Nagar at Rs 200 per sq.ft, Mala Avenue at Rs 200 per sq.ft, Punitha Anthoniyar Nagar at Rs 250 per sq.ft, Santhosh Nagar at Rs 300 per sq.ft, Sastha Nagar at Rs 100 per sq.ft, and Vasan Nagar at Rs 250 per sq.ft, all for the year 2024.

How is stamp duty calculated for properties in Balaji Nagar?

Stamp duty for properties in Balaji Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.