Guideline Value for BALIJASTREET

Balijastreet guideline value

The current guideline value of Balijastreet is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kodivalasa village under the Pallipattu SRO, classified as Residential Class I Type - I.

How the guideline value of Balijastreet has changed

The guideline value for Balijastreet has undergone several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in 2012. However, it saw a decrease to Rs 167 per sq.ft in 2017 before returning to Rs 250 per sq.ft in both 2023 and the upcoming 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 50%, while from 2012 to 2017, it decreased by 33%. The significant increase from 2007 to 2012 was 150%. Overall, comparing the 2007 and 2024 revisions, the guideline value has increased by 150%.

Guideline values in Kodivalasa

In Kodivalasa, there are 17 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft, with a median value of Rs 200 per sq.ft. Balijastreet's 2024 figure of Rs 250 per sq.ft is above this median.

• Bazaarstreet: Rs 250 per sq.ft (2024)
• Bharathinagar: Rs 200 per sq.ft (2024)
• Bigstreet: Rs 250 per sq.ft (2024)
• Annastreet (A)pushkranistreet: Rs 200 per sq.ft (2024)
• Gandhi Street: Rs 250 per sq.ft (2024)
• Kodivalasaroad: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Balijastreet

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. It is important to note that the stamp 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 Balijastreet?

The Sub Registrar Office that covers Balijastreet is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kodivalasa. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Balijastreet?

The current guideline value of Balijastreet is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in both 2023 and 2024.

What is the land classification of Balijastreet?

Balijastreet is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Balijastreet?

The Sub Registrar Office covering Balijastreet is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is stamp duty calculated for properties in Balijastreet?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft would incur a stamp duty of Rs 17,500.