Guideline Value for BALASUBRAMANIYAN STREET

Balasubramaniyan Street guideline value

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

How the guideline value of Balasubramaniyan Street has changed

The guideline value for Balasubramaniyan Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 1,340 per sq.ft. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest 2024 revision raised it further to Rs 2,200 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change has been an increase of 10%. Notably, the value increased by 49% from 2017 to 2023, and there was a decrease of 33% from 2012 to 2017. The most recent change from 2023 to 2024 reflects a 10% increase.

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 for these streets is Rs 2,200 per sq.ft, which matches the guideline value for Balasubramaniyan Street.

• Balasubarayanar 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 Balasubramaniyan 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 to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balasubramaniyan Street?

The Sub Registrar Office that covers Balasubramaniyan Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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 minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Balasubramaniyan Street?

The current guideline value of Balasubramaniyan 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 back 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 Balasubramaniyan Street?

Balasubramaniyan Street is classified as Residential Special Type - III.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Balasubramaniyan Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.