Guideline Value for BALAJI STREET CHARLESS NAGAR

Balaji Street Charless Nagar guideline value

The current guideline value of Balaji Street Charless Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Balaji Street Charless Nagar has changed

The guideline value for Balaji Street Charless Nagar has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and most recently, it has risen to Rs 1,300 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing Balaji Street Charless Nagar's 2024 value above this median.

• Balaji Street (M.T.H.Road Southern Side): Rs 1,300 per sq.ft (2024)
• Balaji Street: Rs 1,300 per sq.ft (2024)
• Balavinayagar St, Kakkanji Nagar: Rs 1,300 per sq.ft (2024)
• Bakthavachala Street: Rs 988 per sq.ft (2024)
• Bakthavachala Nagar Main Road: Rs 988 per sq.ft (2024)
• Bakthavachala Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Street Charless Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, resulting in a total of Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Balaji Street Charless Nagar?

The Sub Registrar Office that covers Balaji Street Charless Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Thandurai. It determines the minimum value at which a property can be registered, and it is used to calculate the stamp duty and registration fees applicable during the transaction.

When you buy or sell a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Balaji Street Charless Nagar?

The current guideline value of Balaji Street Charless Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the median guideline value in Thandurai?

The median guideline value for the 331 streets in Thandurai is Rs 988 per sq.ft, which is below the current value of Balaji Street Charless Nagar.

What are the stamp duty and registration fees for a property in Balaji Street Charless Nagar?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles registrations for Balaji Street Charless Nagar?

The Avadi Sub Registrar Office handles registrations for Balaji Street Charless Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.