Guideline Value for Bala Vinayagar Street

Bala Vinayagar Street guideline value

The current guideline value of Bala Vinayagar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Bala Vinayagar Street has changed

Over the years, the guideline value for Bala Vinayagar Street has seen significant changes. The earliest recorded revision in 2007 set the value at Rs 200 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, from 2012 to 2017, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. The value then climbed to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase, and currently stands at Rs 1,650 per sq.ft as of the 2024 revision, which is a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. Bala Vinayagar Street's 2024 guideline value is above this median.

• Barathidasan Street: Rs 1,100 per sq.ft (2024)
• Bazar Street: Rs 3,300 per sq.ft (2024)
• Began Street: Rs 1,100 per sq.ft (2024)
• Bharathiyar Street: Rs 1,100 per sq.ft (2024)
• Avaishanmugam Street: Rs 1,100 per sq.ft (2024)
• Athiyaman Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Bala Vinayagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total charges to Rs 1,48,500. 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 Vinayagar Street?

The Sub Registrar Office that covers Bala Vinayagar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair price.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Bala Vinayagar Street?

The current guideline value of Bala Vinayagar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 725% over the years.

What is the stamp duty rate for properties in Thiruvallur?

The stamp duty rate for properties in Thiruvallur is 7%, which is applied to the higher of the guideline value or the sale price of the property.

Where is the Sub Registrar Office for Bala Vinayagar Street located?

The Sub Registrar Office for Bala Vinayagar Street is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

What are the guideline values of other streets in Thiruvallur?

Other streets in Thiruvallur have varying guideline values, with rates ranging from Rs 550 to Rs 3,850 per sq.ft. For example, Barathidasan Street and Began Street both have a guideline value of Rs 1,100 per sq.ft in 2024.