Guideline Value

Corporate

Guideline Value for BALAMURUGAN NAGAR

₹1175/sq.ft.

The guideline value for Balamurugan Nagar in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 1175 per sq.ft, effective 1 July 2024. It was Rs 1072 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Commercial Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1175 /sq.ft.
From 1-4-2023 ₹1072 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
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

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Balamurugan Nagar guideline value

The current guideline value of Balamurugan Nagar is Rs 1,175 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, and it is classified as Commercial Special Type - II.

How the guideline value of Balamurugan Nagar has changed

In the 2017 revision, the guideline value for Balamurugan Nagar was Rs 1,072 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,072 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,175 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

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

Stamp duty and registration fee for property in Balamurugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,175 per sq.ft, the total guideline value would be Rs 11,75,000. The stamp duty at 7% would amount to Rs 82,250, while the registration fee at 2% would be Rs 23,500. Together, the total fees would be Rs 1,05,750. 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 Balamurugan Nagar?

The Sub Registrar Office that covers Balamurugan 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 Thiruninravur-B

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar?

The current guideline value of Balamurugan Nagar is Rs 1,175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Balamurugan Nagar has seen a 10% increase from Rs 1,072 per sq.ft in 2023 to Rs 1,175 per sq.ft in 2024. Overall, it increased by 10% from Rs 1,072 per sq.ft in 2017 to Rs 1,175 per sq.ft in 2024.

What are the other streets in Thiruninravur-B?

Other streets in Thiruninravur-B include Balamurugan Nagar Part I, Balakrishnan Nagar & Streets, Balaji Nagar Extn, Baskar Nagar, Balaji Nagar, and Balaji Garden, with varying guideline values.

What is the registration fee for property in Balamurugan Nagar?

The registration fee for property in Balamurugan Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 1,05,750.

Where is the Sub Registrar Office for Balamurugan Nagar located?

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