Guideline Value

Corporate

Guideline Value for Balaganesar Nagar 5th Street

₹880/sq.ft.

The guideline value for Balaganesar Nagar 5th Street in Attanthangal village (Redhills SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Attanthangal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Balaganesar Nagar 5th Street

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Balaganesar Nagar 5th Street guideline value

The current guideline value of Balaganesar Nagar 5th Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Attanthangal village, under the Redhills Sub Registrar Office (SRO) jurisdiction, and is classified as Residential Class I Type - I.

How the guideline value of Balaganesar Nagar 5th Street has changed

The guideline value for Balaganesar Nagar 5th Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 300 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in 2012, marking a growth of 167%. However, in 2017, it dropped to Rs 536 per sq.ft, a decrease of 33%. The value then rose again to Rs 800 per sq.ft in 2023, and most recently, it has reached Rs 880 per sq.ft in the 2024 revision, an increase of 10% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%.

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, with a median value of Rs 880 per sq.ft. Balaganesar Nagar 5th Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Balaganesar Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, leading to a total of Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Balaganesar Nagar 5th Street?

The Sub Registrar Office that covers Balaganesar Nagar 5th 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 plays a crucial role during the registration of property transactions in Attanthangal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When buying or selling property, the guideline value helps to establish a fair price for the transaction, and it is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Balaganesar Nagar 5th Street?

The current guideline value of Balaganesar Nagar 5th 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 other streets in Attanthangal with the same guideline value?

Other streets in Attanthangal with the same guideline value of Rs 880 per sq.ft include Balaganesar Nagar 2nd, 3rd, 4th, 6th, 7th, and 8th Streets.

How is stamp duty calculated for property in Balaganesar Nagar 5th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600.

Where can I find the Sub Registrar Office for Balaganesar Nagar 5th Street?

The Sub Registrar Office for Balaganesar Nagar 5th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.