Guideline Value for BALASUBRAMANIAN NAGAR

Balasubramanian Nagar guideline value

The current guideline value of Balasubramanian Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Chikkarayapuram village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Balasubramanian Nagar has changed

The guideline value for Balasubramanian Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 1,139 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in the 2023 revision. The most recent 2024 revision has further increased this value to Rs 1,870 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%, and overall, from 2017 to 2024, it has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,430 to Rs 2,800 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, indicating that Balasubramanian Nagar's 2024 figure is below this median.

• Balaji Nagar: Rs 1,980 per sq.ft (2024)
• Balaji Avenue: Rs 1,760 per sq.ft (2024)
• Bakyam Nagar: Rs 1,760 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,980 per sq.ft (2024)
• Babu Garden Phase II&III: Rs 1,980 per sq.ft (2024)
• Charles Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Balasubramanian Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees together to Rs 1,68,300. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Balasubramanian Nagar?

The Sub Registrar Office that covers Balasubramanian Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chikkarayapuram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on it.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. It serves as a benchmark for both parties involved in the sale, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Balasubramanian Nagar?

The current guideline value of Balasubramanian Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the stamp duty and registration fees for properties in Balasubramanian Nagar?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which Sub Registrar Office handles registrations for Balasubramanian Nagar?

The Kunrathur Sub Registrar Office handles registrations for Balasubramanian Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Chikkarayapuram?

The median guideline value for streets in Chikkarayapuram is Rs 1,980 per sq.ft, while Balasubramanian Nagar's current value is below this median.