Guideline Value for Balaiah Road

Balaiah Road guideline value

The current guideline value of Balaiah Road in Porunthavakkam village is Rs 2,420 per sq.ft, effective from 1 July 2024. This road falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Balaiah Road has changed

The guideline value of Balaiah Road has seen significant changes over the years. The earliest recorded value is from 2007, which was Rs 500 per sq.ft. This increased to Rs 2,200 per sq.ft in 2012, marking a substantial rise of 340%. However, the value then decreased to Rs 1,474 per sq.ft in 2017, a drop of 33%. The value surged again to Rs 2,200 per sq.ft in 2023, and further increased by 10% to the current figure of Rs 2,420 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 384%.

Guideline values in Porunthavakkam

In Porunthavakkam, there are 23 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,760 to Rs 4,950 per sq.ft. The median value is Rs 2,420 per sq.ft, which is equal to the guideline value of Balaiah Road.

• Bhuvaneswari Street: Rs 2,750 per sq.ft (2024)
• Anna Street: Rs 2,420 per sq.ft (2024)
• Almelumangapuram Street: Rs 1,760 per sq.ft (2024)
• Adhisankarar Street: Rs 2,310 per sq.ft (2024)
• Gopal Street: Rs 3,300 per sq.ft (2024)
• Iyapa Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Balaiah Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, totaling Rs 2,17,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaiah Road?

The Balaiah Road is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Porunthavakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balaiah Road?

The current guideline value of Balaiah Road is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 500 per sq.ft in 2007 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 384% over the years.

What are the stamp duty and registration fees for properties on Balaiah Road?

For a property valued at the current guideline value of Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office handles registrations for Balaiah Road?

The Pallavaram Sub Registrar Office handles registrations for Balaiah Road, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

How is the guideline value determined for properties in Porunthavakkam?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and prevailing market conditions in the area.