Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Arani village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Balaji Nagar has changed

According to the register, there have been no recorded figures for Balaji Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 200 per sq.ft in the 2023 revision and remains the same in the 2024 revision, indicating a change of +0% between these two years.

Thus, the guideline value for Balaji Nagar has consistently been Rs 200 per sq.ft since at least 2023, with no changes noted in prior revisions. This stability reflects the current valuation for this street.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO with a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Balaji Nagar's current guideline value is below this median.

• Bazzar Street: Rs 600 per sq.ft (2024)
• Athikulam Street: Rs 200 per sq.ft (2024)
• Athikulam Bazzar Street: Rs 200 per sq.ft (2024)
• Bestha Veethi: Rs 350 per sq.ft (2024)
• B.V.T. Nagar: Rs 600 per sq.ft (2024)
• Chetti Street: Rs 500 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office that covers Balaji Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Arani. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When registering a property, buyers must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

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

There have been no recorded figures for Balaji Nagar in the revisions from 2002 to 2017. The guideline value was Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years.

What is the land classification of Balaji Nagar?

Balaji Nagar is classified as Residential Class IV Type - I under the Arani_Tiruvallur SRO.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Balaji Nagar located?

The Sub Registrar Office for Balaji Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.