Guideline Value for BALUMUDALI STREET

Balumudali Street guideline value

The current guideline value of Balumudali Street is Rs 800 per sq.ft. This street is located in Kelambakkam village, under the Thiruporur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Balumudali Street has changed

Over the years, the guideline value of Balumudali Street has seen several revisions. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 220% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a decline of 33% from the previous revision. The most recent 2023 revision restored the value to Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 220%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kelambakkam

Currently, there are no specific village figures available for Kelambakkam. Balumudali Street's guideline value stands at Rs 800 per sq.ft. Other streets in Kelambakkam are not provided in the available data.

Stamp duty and registration fee for property in Balumudali Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is essential to note that the 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 Balumudali Street?

The Sub Registrar Office that covers Balumudali Street 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 Kelambakkam

The guideline value is a crucial factor when buying or selling property in Kelambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is aligned with the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Balumudali Street?

The current guideline value of Balumudali Street is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

What are the registration fees for property in Balumudali Street?

The registration fees for a property in Balumudali Street are calculated based on the guideline value. For example, for a 1,000 sq.ft plot, the total registration fee would be Rs 72,000, which includes stamp duty and registration fees.

Which Sub Registrar Office covers Balumudali Street?

Balumudali Street is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any guideline value figures for 2024 for Balumudali Street?

No, the register does not have a guideline value figure for Balumudali Street for the year 2024.