Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value for Balaji Nagar in Thadaperumbakkam village under the Ponneri SRO is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has remained constant at Rs 600 per sq.ft in the 2023 and 2024 revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017 for this street.

As per the 2024 revision, there has been no change from the previous year, as the guideline value from 2023 to 2024 shows an increase of +0%. The consistency in the guideline value indicates stability in this area.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO with 2024 guideline values ranging from Rs 500 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 501 per sq.ft, placing Balaji Nagar's 2024 figure above the median.

• Balamurugan Nagar: Rs 600 per sq.ft (2024)
• Arumuga Mudhaliyar Nagar: Rs 500 per sq.ft (2024)
• Arumuga Mudaliar Nagar: Rs 500 per sq.ft (2024)
• Bharath Nagar: Rs 501 per sq.ft (2024)
• Annamalai Nagar: Rs 600 per sq.ft (2024)
• Annai Abirami Nagar: Rs 501 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is charged at 7%, amounting to Rs 42,000, and the registration fee at 2% totals Rs 12,000, bringing the total cost for these fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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 Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration process when buying or selling property in Thadaperumbakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value recently?

Yes, the guideline value has remained unchanged at Rs 600 per sq.ft from the 2023 revision to the 2024 revision, indicating a +0% change.

What is the land classification for Balaji Nagar?

Balaji Nagar falls under the Residential Class I Type - I land classification, which is important for property transactions in the area.

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

The Sub Registrar Office for Balaji Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registration activities for the area.

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

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,00,000, the stamp duty would be 7% of that amount, which is Rs 42,000.