Guideline Value for BALAKUMARAN NAGAR

Balakumaran Nagar guideline value

The current guideline value of Balakumaran Nagar is Rs 1,075 per sq.ft as per the 2024 revision. This area is located in Sekkadu village under the Avadi SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Balakumaran Nagar has changed

The guideline value for Balakumaran Nagar has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show a guideline value of Rs 1,000 per sq.ft from the 2023 revision, which increased to Rs 1,075 per sq.ft in the 2024 revision, marking an increase of 8%.

In the 2024 revision, the current guideline value stands at Rs 1,075 per sq.ft, reflecting the latest adjustments made by the Registration Department. The previous revision in 2023 was recorded at Rs 1,000 per sq.ft.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. Balakumaran Nagar's guideline value is below this median.

• Bajanai Koil Street: Rs 1,320 per sq.ft (2024)
• Anna Nagar: Rs 930 per sq.ft (2024)
• C.S.I. School Street: Rs 1,320 per sq.ft (2024)
• Defence Colony: Rs 1,075 per sq.ft (2024)
• Angalamman Koil Street Kudiyiruppu: Rs 1,320 per sq.ft (2024)
• Devarajan Nagar: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Balakumaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total fees together to Rs 96,750. Please note that the 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 Balakumaran Nagar?

The Sub Registrar Office that covers Balakumaran 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 Sekkadu

The guideline value is a crucial factor in the registration process when buying or selling property in Sekkadu. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Balakumaran Nagar?

The current guideline value of Balakumaran Nagar is Rs 1,075 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,075 per sq.ft in 2024, which is an increase of 8%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Balakumaran Nagar?

Balakumaran Nagar falls under the Residential Class II Type - II land classification.

What are the stamp duty and registration fees for property in Balakumaran Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 96,750.

Which office handles the registration for Balakumaran Nagar?

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