Guideline Value for BALASUBRAMANIYAM NAGAR

Balasubramaniyam Nagar guideline value

The current guideline value of Balasubramaniyam Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Kannivakkam village and falls under the Thiruporur SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Balasubramaniyam Nagar has changed

The guideline value for Balasubramaniyam Nagar has remained consistent at Rs 1,600 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017, indicating that no changes were recorded for this street during those years.

From the 2023 revision to the 2024 revision, there has been a change of +0%. This means that the guideline value has not increased or decreased during this period, maintaining the same rate of Rs 1,600 per sq.ft.

Guideline values in Kannivakkam

In Kannivakkam, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,389 per sq.ft. The median guideline value for these streets is Rs 1,050 per sq.ft, placing Balasubramaniyam Nagar's 2024 figure above that median.

• Century Park: Rs 1,642 per sq.ft (2024)
• A R Garden: Rs 1,000 per sq.ft (2024)
• Compact Homes Haripriya: Rs 1,493 per sq.ft (2024)
• Dvr Sarathi Nagar: Rs 1,500 per sq.ft (2024)
• Dvr Sarathi Nagar Phase I: Rs 1,500 per sq.ft (2024)
• Adthi 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total fees Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations based on your specific property transaction.

Which Sub Registrar Office covers Balasubramaniyam Nagar?

The Sub Registrar Office that covers Balasubramaniyam Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kannivakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers need to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is assessed to calculate the applicable taxes and fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Balasubramaniyam Nagar?

The current guideline value of Balasubramaniyam Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value recently?

Yes, the guideline value has been consistent at Rs 1,600 per sq.ft for both the 2023 and 2024 revisions, with no changes recorded for previous years.

What is the median guideline value in Kannivakkam?

The median guideline value for the 32 streets in Kannivakkam is Rs 1,050 per sq.ft, with Balasubramaniyam Nagar's value being above this median.

How is stamp duty calculated for properties in Balasubramaniyam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at a rate of 7%.

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

The Sub Registrar Office for Balasubramaniyam Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.