Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 1,200 per sq.ft as per the 2023 revision. This area falls under the Thiruporur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Balaji Nagar has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This was an increase from the previous revisions, which do not have figures for the years 2002, 2003, 2007, and 2012. The most recent revision in 2023 saw a significant increase of 49%, bringing the guideline value to Rs 1,200 per sq.ft.

The changes from 2017 to 2023 reflect a notable adjustment in the guideline value, with the current figure now standing at Rs 1,200 per sq.ft. This increase indicates a shift in the valuation of properties in Balaji Nagar as recorded by the Registration Department's guideline value register (TNReginet).

Guideline values in Thaiyur-A

Currently, there are no specific village figures available for Thaiyur-A. Balaji Nagar is one of the streets within this locality. Other streets in Thaiyur-A include:

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office that covers Balaji Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value serves as a benchmark for property transactions in Thaiyur-A. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to understand that the guideline value can impact the overall cost of property transactions, as it is a critical factor in calculating the necessary fees during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, reflecting a 49% increase.

What is the land classification for Balaji Nagar?

Balaji Nagar is classified as Residential Special Type - I, indicating its designation for residential use.

What are the fees associated with property transactions in Balaji Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 12,00,000, with a stamp duty of Rs 84,000 and a registration fee of Rs 24,000, totaling Rs 1,08,000.

Where is the Sub Registrar Office for Balaji Nagar located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.