Guideline Value for Bala Murugan Nagar

Bala Murugan Nagar guideline value

The current guideline value of Bala Murugan Nagar, located in Kathirvedu village under the Ambattur SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Bala Murugan Nagar has changed

The guideline value for Bala Murugan Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 23 per sq.ft. This figure increased significantly to Rs 75 per sq.ft in 2003, marking a change of +226%. The value continued to rise, reaching Rs 400 per sq.ft in 2007, which was an increase of +433%. In 2012, the value was Rs 1,400 per sq.ft, reflecting a substantial increase of +250%. However, there was a decrease to Rs 938 per sq.ft in 2017, a change of -33%. The value then rose to Rs 1,400 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 1,500 per sq.ft, representing a change of +7%.

Overall, from 2002 to 2024, the guideline value has increased by +6422%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 1,500 per sq.ft, which is equal to the current value of Bala Murugan Nagar.

• Bajanai Koil Street: Rs 1,500 per sq.ft (2024)
• Babuji Nagar: Rs 1,500 per sq.ft (2024)
• Bharathiyar Street: Rs 1,300 per sq.ft (2024)
• Bhavya Avenue: Rs 1,500 per sq.ft (2024)
• Birla Avenue (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Birla Avenue Annex (Anbu Estate): Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bala Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value is Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bala Murugan Nagar?

The Sub Registrar Office that covers Bala Murugan Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kathirvedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to assess the applicable charges. Buyers and sellers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bala Murugan Nagar?

The current guideline value of Bala Murugan Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 23 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, which is a total increase of +6422%.

What is the land classification for Bala Murugan Nagar?

The land classification for Bala Murugan Nagar is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Bala Murugan Nagar?

The Sub Registrar Office for Bala Murugan Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Bala Murugan Nagar?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,05,000.