Guideline Value for Bala vinayagar Kovil Street

Bala vinayagar Kovil Street guideline value

The current guideline value of Bala vinayagar Kovil 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 vinayagar Kovil Street has changed

Starting from the 2012 revision, the guideline value was Rs 3,700 per sq.ft. It then dropped to Rs 2,479 per sq.ft in 2017, marking a decrease of 33%. Following this, the value increased significantly to Rs 3,700 per sq.ft in the 2023 revision, and then rose again to the current value of Rs 4,000 per sq.ft in 2024, reflecting an increase of 8% from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 is Rs 3,600 per sq.ft, placing Bala vinayagar Kovil Street above this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, totaling 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bala vinayagar Kovil Street?

The Sub Registrar Office that covers Bala vinayagar Kovil 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 in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the transaction is recorded accurately. This value helps in calculating the applicable taxes and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bala vinayagar Kovil Street?

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

How much has the guideline value changed from 2012 to 2024?

From 2012 to 2024, the guideline value has increased by 8%, moving from Rs 3,700 per sq.ft in 2012 to Rs 4,000 per sq.ft in 2024.

What was the guideline value in 2017?

In 2017, the guideline value for Bala vinayagar Kovil Street was Rs 2,479 per sq.ft.

Is there a guideline value for the years 2002, 2003, and 2007?

The register has no figures for Bala vinayagar Kovil Street for the years 2002, 2003, and 2007.

Where can I find the Ambattur Sub Registrar Office?

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