Guideline Value for Balagangadara Nagar

Balagangadara Nagar guideline value

The current guideline value of Balagangadara Nagar is Rs 700 per sq.ft, as per the 2023 revision. This area is located in Vengadamangalam village under the Gooduvancheri SRO, and it is classified as Residential Special Type - I.

How the guideline value of Balagangadara Nagar has changed

The guideline value for Balagangadara Nagar has undergone several revisions over the years. The oldest revision available is from 2007, where the guideline value was Rs 160 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2012 revision, marking a rise of 338%. However, in the 2017 revision, the value dropped to Rs 469 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 700 per sq.ft, representing an increase of 49% from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 338%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Balagangadara Nagar is one of the streets in this village, and there are no other streets listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Balagangadara Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balagangadara Nagar?

The Sub Registrar Office that covers Balagangadara Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Balagangadara Nagar?

The current guideline value of Balagangadara Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has changed from Rs 160 per sq.ft to Rs 700 per sq.ft in 2012, dropped to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft in 2023.

What is the land classification for Balagangadara Nagar?

Balagangadara Nagar is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for property in Balagangadara Nagar?

For a property valued at Rs 7,00,000, the stamp duty is Rs 49,000 and the registration fee is Rs 14,000, totaling Rs 63,000. This is calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Balagangadara Nagar?

The Gooduvancheri Sub Registrar Office handles the registration for Balagangadara Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.