Guideline Value

Corporate

Guideline Value for BALAMURUGAN NAGAR PART I

₹1320/sq.ft.

The guideline value for Balamurugan Nagar Part I in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Balamurugan Nagar Part I

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Balamurugan Nagar Part I guideline value

The current guideline value of Balamurugan Nagar Part I is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Balamurugan Nagar Part I has changed

The guideline value for Balamurugan Nagar Part I has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,200 per sq.ft, which increased to Rs 1,320 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the register for the years mentioned. Thus, the most recent figures reflect the significant increase from Rs 1,200 per sq.ft to Rs 1,320 per sq.ft in 2024.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, and Balamurugan Nagar Part I's 2024 figure is above this median.

Stamp duty and registration fee for property in Balamurugan Nagar Part I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, these fees would total Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Balamurugan Nagar Part I?

The Sub Registrar Office that covers Balamurugan Nagar Part I 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 Thiruninravur-B

The guideline value serves as a benchmark for property transactions in Thiruninravur-B. When buying or selling property, this value is crucial for determining the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

During registration, the guideline value helps ensure that the property is accurately valued for tax purposes. This process is essential for maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar Part I?

The current guideline value of Balamurugan Nagar Part I is Rs 1,320 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 2023 to Rs 1,320 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the registration fees for property in Balamurugan Nagar Part I?

The registration fees include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 13,20,000, the total fees would amount to Rs 1,18,800.

Which Sub Registrar Office handles registrations for Balamurugan Nagar Part I?

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

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that properties are valued accurately for tax purposes, contributing to transparency in real estate dealings.