Guideline Value for BALAKRISHNAN STREET

Balakrishnan Street guideline value

The current guideline value of Balakrishnan Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Balakrishnan Street has changed

In the 2024 revision, the guideline value for Balakrishnan Street was set at Rs 2,200 per sq.ft. The register has no figure for this street in the years 2023, 2017, 2012, 2007, 2003, and 2002.

As there have been no changes between the revisions, the 2024 figure remains the only recorded value for Balakrishnan Street in the guideline value register.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which matches the current figure for Balakrishnan Street.

• Balamurugan Thottam: Rs 1,700 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Bay View Avenue & Drive: Rs 4,400 per sq.ft (2024)
• Bay View Farms @ Adhithtya Ram Nagar: Rs 1,700 per sq.ft (2024)
• Bay Watch Layout: Rs 4,400 per sq.ft (2024)
• Balachandra Builder Park: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Balakrishnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balakrishnan Street?

The Sub Registrar Office that covers Balakrishnan Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions in Sholinganallur - 1, as it determines the minimum price at which property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balakrishnan Street?

The current guideline value of Balakrishnan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What land classification does Balakrishnan Street fall under?

Balakrishnan Street is classified as Residential Class II Type - III according to the local land classification standards.

How many streets are there in Sholinganallur - 1?

There are 754 streets in Sholinganallur - 1 under the Neelankarai SRO that carry a 2024 guideline value.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is the same as the current figure for Balakrishnan Street.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.