Guideline Value for Bala subramaniam Street

Bala subramaniam Street guideline value

The current guideline value of Bala subramaniam Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Bala subramaniam Street has changed

The guideline value for Bala subramaniam Street has undergone several revisions over the years. In 2012, the guideline value was Rs 3,700 per sq.ft, which decreased to Rs 2,479 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,700 per sq.ft in 2023, and then rose to Rs 4,000 per sq.ft in 2024, marking an 8% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%, while the overall change from 2012 to 2024 shows an 8% increase. The fluctuations in the values reflect the revisions made by the Registration Department.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Bala subramaniam Street's 2024 figure above this median.

• Bala vinayagar Kovil Street: Rs 4,000 per sq.ft (2024)
• Bank Street (Ram Nagar): Rs 4,600 per sq.ft (2024)
• Balaji Street Ramapuram: Rs 3,600 per sq.ft (2024)
• Barathiyar Street: Rs 3,600 per sq.ft (2024)
• Bavani Nagar: Rs 2,500 per sq.ft (2024)
• Bazzar Street: Rs 6,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bala subramaniam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. It is important 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 Bala subramaniam Street?

The Sub Registrar Office that covers Bala subramaniam Street 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Ambattur. 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 considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency and consistency in property dealings within the Ambattur SRO jurisdiction.

Frequently asked questions

What is the current guideline value of Bala subramaniam Street?

The current guideline value of Bala subramaniam Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification of Bala subramaniam Street?

Bala subramaniam Street is classified as Residential Special Type - II, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bala subramaniam Street 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 on Bala subramaniam Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 40,00,000, the stamp duty at 7% would be Rs 2,80,000.