Guideline Value for BALAMURUGAN NAGAR

Balamurugan Nagar guideline value

The current guideline value of Balamurugan Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Balamurugan Nagar has changed

The guideline value for Balamurugan Nagar has undergone several revisions. In 2017, the value was Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in 2023, marking a substantial increase of 49%. The most recent revision in 2024 set the value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Balamurugan Nagar.

• Balaji Nagar: Rs 330 per sq.ft (2024)
• Bharati Street: Rs 330 per sq.ft (2024)
• Athipattu New Town: Rs 330 per sq.ft (2024)
• Athipattu Colony: Rs 330 per sq.ft (2024)
• Buchibabu Nagar: Rs 330 per sq.ft (2024)
• Ashoka Puram: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Balamurugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total cost for these fees Rs 29,700. It is important to note that 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Balamurugan Nagar?

Balamurugan Nagar falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration of property transactions in Athipattu. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property. This process helps maintain transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar?

The current guideline value of Balamurugan Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the other streets in Athipattu with the same guideline value?

Other streets in Athipattu that share the same guideline value of Rs 330 per sq.ft include Balaji Nagar, Bharati Street, Athipattu New Town, Athipattu Colony, Buchibabu Nagar, and Ashoka Puram.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated in Balamurugan Nagar?

Stamp duty in Balamurugan Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.