Guideline Value for BALASUBRAMANIYAM NAGAR

Balasubramaniyam Nagar guideline value

The current guideline value of Balasubramaniyam Nagar is Rs 1,195 per sq.ft, effective from 1 July 2024. This locality is situated in Thachoor_2 village, under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - III.

How the guideline value of Balasubramaniyam Nagar has changed

The guideline value for Balasubramaniyam Nagar has undergone significant changes over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 400 per sq.ft. This figure saw a substantial increase in the 2024 revision, where it rose to Rs 1,195 per sq.ft, marking a change of +199% from the previous year.

The 2024 guideline value of Rs 1,195 per sq.ft is notably higher than the 2023 value of Rs 400 per sq.ft. The increase reflects the growing valuation of properties in this region, as indicated by the significant jump between these two revisions.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft, with a median value of Rs 600 per sq.ft. Balasubramaniyam Nagar's 2024 figure of Rs 1,195 per sq.ft is above this median.

• Amudhan Nagar: Rs 400 per sq.ft (2024)
• Aambal Nagar: Rs 800 per sq.ft (2024)
• Ganesh Garden: Rs 800 per sq.ft (2024)
• Gorti Green Garden: Rs 400 per sq.ft (2024)
• Illaihi Nagar: Rs 400 per sq.ft (2024)
• Jai Nagar: Rs 600 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 1,195 per sq.ft, the total guideline value would be Rs 11,95,000. The stamp duty at 7% would amount to Rs 83,650, and the registration fee at 2% would be Rs 23,900, totaling Rs 1,07,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value is an essential factor in property transactions in Thachoor_2, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value during negotiations to ensure compliance with registration requirements.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Balasubramaniyam Nagar?

The current guideline value of Balasubramaniyam Nagar is Rs 1,195 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 400 per sq.ft in 2023 to Rs 1,195 per sq.ft in 2024, representing a change of +199%.

What is the land classification for Balasubramaniyam Nagar?

Balasubramaniyam Nagar is classified as Residential Special Type - III.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the 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, for a property valued at Rs 11,95,000, the stamp duty at 7% would be Rs 83,650.