Guideline Value for BALAMMAL STREET

Balammal Street guideline value

The current guideline value of Balammal Street is Rs 702 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village under the Ponneri SRO, classified as Residential Class I Type - I.

How the guideline value of Balammal Street has changed

In the 2017 revision, the guideline value for Balammal Street was Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in the 2023 revision, marking a significant change of 49% over this period. The most recent revision in 2024 shows a slight increase to Rs 702 per sq.ft, which represents a 0% change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The register has no figures for Balammal Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Ponneri_2

Ponneri_2 village has 75 streets under the Ponneri SRO carrying a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Balammal Street's 2024 figure above that median.

• Balammal Nagar: Rs 700 per sq.ft (2024)
• Balan Nagar: Rs 700 per sq.ft (2024)
• Balaji Nagar Virivakkam: Rs 700 per sq.ft (2024)
• Balaji Nagar: Rs 700 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,200 per sq.ft (2024)
• Bharathi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Balammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 702 per sq.ft, the total guideline value amounts to Rs 7,02,000. The stamp duty at 7% would be Rs 49,140, and the registration fee at 2% would be Rs 14,040, bringing the total to Rs 63,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balammal Street?

The Sub Registrar Office that covers Balammal Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor in the registration process for property transactions in Ponneri_2. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official property value as determined by the government.

When a property is bought or sold, the guideline value helps in establishing a fair transaction value, which is essential for legal and financial purposes. It is important for both parties to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Balammal Street?

The current guideline value of Balammal Street is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 702 per sq.ft in 2024. Overall, this represents a 50% increase from 2017 to 2024.

What is the land classification for Balammal Street?

Balammal Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Balammal Street?

The registration office covering Balammal Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Balammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 702 per sq.ft, the total guideline value would be Rs 7,02,000, resulting in a stamp duty of Rs 49,140.