Guideline Value for BALAVINAYAGAR NAGAR EXTENTION

Balavinayagar Nagar Extention guideline value

The current guideline value of Balavinayagar Nagar Extention is Rs 2,010 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class II Type - IV.

How the guideline value of Balavinayagar Nagar Extention has changed

The guideline value for Balavinayagar Nagar Extention has remained consistent at Rs 2,010 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the register has no figure for this street in the revisions for the years 2017, 2012, 2007, 2003, and 2002.

In the 2024 revision, the guideline value is Rs 2,010 per sq.ft, which is the same as in the 2023 revision, showing no percentage change. The absence of figures in earlier revisions indicates that there has been no registered guideline value for this street for several years.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, placing Balavinayagar Nagar Extention's 2024 figure below that median.

• Balavingayar Koil Street: Rs 1,600 per sq.ft (2024)
• BALAVINGAYAR NAGAR (Kallikuppam): Rs 1,600 per sq.ft (2024)
• Baliamman Street: Rs 1,300 per sq.ft (2024)
• Balan Nagar: Rs 1,600 per sq.ft (2024)
• Barani Jothi Nagar: Rs 2,900 per sq.ft (2024)
• Balaji Nagar Near Railway Track 1,2,3 Streets: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Balavinayagar Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 2,010 per sq.ft, the total guideline value amounts to Rs 20,10,000. The stamp duty at 7% would be Rs 1,40,700, and the registration fee at 2% would be Rs 40,200, bringing the total to Rs 1,80,900. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Balavinayagar Nagar Extention?

The Sub Registrar Office that covers Balavinayagar Nagar Extention is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Korattur. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value as it directly impacts the overall costs involved in the registration process. Buyers and sellers should ensure they have the latest information to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Balavinayagar Nagar Extention?

The current guideline value of Balavinayagar Nagar Extention is Rs 2,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,010 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Balavinayagar Nagar Extention?

The land classification for Balavinayagar Nagar Extention is Residential Class II Type - IV.

Where can I find the registration office for Balavinayagar Nagar Extention?

The registration office for Balavinayagar Nagar Extention is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Balavinayagar Nagar Extention?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 20,10,000, leading to a stamp duty of Rs 1,40,700.