Guideline Value for BALASUBARAYANAR STREET

Balasubarayanar Street guideline value

The current guideline value of Balasubarayanar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Balasubarayanar Street has changed

The guideline value of Balasubarayanar Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision and further rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for Balasubarayanar Street.

• Balasubramaniyan Street: Rs 2,200 per sq.ft (2024)
• Barathi Nagar: Rs 2,200 per sq.ft (2024)
• Bajar Street: Rs 4,400 per sq.ft (2024)
• Ceebros Garden City: Rs 1,733 per sq.ft (2024)
• Cement Gst Salai: Rs 4,400 per sq.ft (2024)
• Chinnamman Kovil Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Balasubarayanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balasubarayanar Street?

The Sub Registrar Office that covers Balasubarayanar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or bought, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is documented accurately. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Balasubarayanar Street?

The current guideline value of Balasubarayanar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Balasubarayanar Street?

Balasubarayanar Street is classified as Residential Special Type - III.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Balasubarayanar Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balasubarayanar Street?

The Sub Registrar Office for Balasubarayanar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.