Guideline Value for Bala Dandayudha Street

Bala Dandayudha Street guideline value

The current guideline value of Bala Dandayudha Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chenchery village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bala Dandayudha Street has changed

The guideline value for Bala Dandayudha Street has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, the value decreased by 33% to Rs 1,675 per sq.ft in 2017. The 2023 revision brought the value up to Rs 2,500 per sq.ft, and the most recent revision in 2024 increased it further to Rs 2,750 per sq.ft, reflecting a 10% increase.

There are no registered figures for Bala Dandayudha Street in the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 588%.

Guideline values in Chenchery

In Chenchery village, there are 44 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Bala Dandayudha Street's 2024 figure below that median.

• CHINAMAYA NAGAR Extension: Rs 4,950 per sq.ft (2024)
• Chinamaya Nagar Stage 1: Rs 4,950 per sq.ft (2024)
• CHINAMAYA NAGAR STAGE 2 - Aani Street: Rs 4,950 per sq.ft (2024)
• CHINAMAYA NAGAR STAGE 2 - Chithirai Street: Rs 4,950 per sq.ft (2024)
• CHINAMAYA NAGAR STAGE 2 - Maasi Street: Rs 4,950 per sq.ft (2024)
• CHINAMAYA NAGAR STAGE 2 - Nerkundram Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Bala Dandayudha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. 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 an accurate estimate based on your specific property details.

Which Sub Registrar Office covers Bala Dandayudha Street?

The Sub Registrar Office that covers Bala Dandayudha Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chenchery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Bala Dandayudha Street?

The current guideline value of Bala Dandayudha Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 588% over the years.

What is the land classification of Bala Dandayudha Street?

Bala Dandayudha Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Bala Dandayudha Street?

The Virugambakkam Sub Registrar Office handles property registrations for Bala Dandayudha Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.