Guideline Value for BALASUBRAMANIYAM NAGAR

Balasubramaniyam Nagar guideline value

The current guideline value of Balasubramaniyam Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This locality is situated in Nandhivaram village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Balasubramaniyam Nagar has changed

The guideline value for Balasubramaniyam Nagar has remained consistent over the recent revisions. In the 2023 revision, the value was Rs 1,500 per sq.ft, and this figure has not changed in the 2024 revision, which also lists the value at Rs 1,500 per sq.ft. The register has no figure for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

Thus, the guideline value has seen no increase between the 2023 and 2024 revisions, reflecting a stable valuation for this locality. The absence of figures in earlier revisions indicates that the value has been established only in the recent years.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value is Rs 1,500 per sq.ft, which is equal to the current value of Balasubramaniyam Nagar.

• Balaji Nagar: Rs 1,500 per sq.ft (2024)
• Balaji Avenue Extn.: Rs 1,500 per sq.ft (2024)
• Bharath Avenue: Rs 1,200 per sq.ft (2024)
• Balaji Avenue: Rs 1,500 per sq.ft (2024)
• Bajanaikovil Street: Rs 1,200 per sq.ft (2024)
• Bagavathi Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Balasubramaniyam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balasubramaniyam Nagar?

The Sub Registrar Office that covers Balasubramaniyam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This helps to maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Balasubramaniyam Nagar?

The current guideline value of Balasubramaniyam Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for earlier revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Balasubramaniyam Nagar?

The land classification for Balasubramaniyam Nagar is Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balasubramaniyam Nagar?

The Gooduvancheri Sub Registrar Office covers Balasubramaniyam Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.