Guideline Value for Balaganesar Nagar 15th Street

Balaganesar Nagar 15th Street guideline value

The current guideline value of Balaganesar Nagar 15th Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Attanthangal village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Balaganesar Nagar 15th Street has changed

The guideline value for Balaganesar Nagar 15th Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 167% rise. However, the value then decreased to Rs 536 per sq.ft in 2017, a decline of 33%. The 2023 revision saw the value increase to Rs 800 per sq.ft, and the latest 2024 revision has set it at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 880 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is the same as the guideline value for Balaganesar Nagar 15th Street.

• Balaganesar Nagar 14th Street: Rs 880 per sq.ft (2024)
• Balaganesar Nagar 16th Street: Rs 880 per sq.ft (2024)
• Balaganesar Nagar 13th Street: Rs 880 per sq.ft (2024)
• Balaganesar Nagar 17th Street: Rs 880 per sq.ft (2024)
• Balaganesar Nagar 12th Street: Rs 880 per sq.ft (2024)
• Balaganesar Nagar 1st Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Balaganesar Nagar 15th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,80,000. The stamp duty at 7% amounts to Rs 61,600, and the registration fee at 2% is Rs 17,600, bringing the total to Rs 79,200. 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 Balaganesar Nagar 15th Street?

The Sub Registrar Office that covers Balaganesar Nagar 15th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Attanthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the official valuation set by the Registration Department. This helps maintain transparency and uniformity in property transactions.

Frequently asked questions

What is the current guideline value of Balaganesar Nagar 15th Street?

The current guideline value of Balaganesar Nagar 15th Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

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

For a property valued at Rs 8,80,000, the stamp duty is Rs 61,600 and the registration fee is Rs 17,600, totaling Rs 79,200.

Which office handles the registration of properties in Balaganesar Nagar 15th Street?

The Redhills Sub Registrar Office handles the registration of properties in Balaganesar Nagar 15th Street.

What is the land classification for Balaganesar Nagar 15th Street?

Balaganesar Nagar 15th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.