Guideline Value for Balaji Nagar Main road

Balaji Nagar Main road guideline value

The current guideline value for Balaji Nagar Main road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Balaji Nagar Main road has changed

The guideline value for Balaji Nagar Main road has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,700 per sq.ft. This increased to Rs 3,500 per sq.ft in 2012, representing a rise of 106%. However, the value then decreased to Rs 2,345 per sq.ft in 2017, marking a decline of 33%. The next revision in 2023 saw a significant increase to Rs 3,500 per sq.ft, which was followed by the current value of Rs 3,900 per sq.ft in 2024, an increase of 11% from the previous year.

Overall, from the 2007 revision to the current 2024 value, there has been a total increase of 129%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which matches the current guideline value for Balaji Nagar Main road.

• Balaji Nagar Street Main Colony: Rs 3,900 per sq.ft (2024)
• Balaji Nagar 3rd Street: Rs 3,900 per sq.ft (2024)
• Balaji Nagar 2nd Street: Rs 3,900 per sq.ft (2024)
• Balaji Nagar 1st Street: Rs 3,900 per sq.ft (2024)
• Barma Tamizhar Colony: Rs 2,200 per sq.ft (2024)
• Bakthavachalam Nagar South 3rd Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Main road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar Main road?

The Sub Registrar Office that covers Balaji Nagar Main road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded at a fair value, reflecting the market conditions and the property's worth.

Frequently asked questions

What is the current guideline value for Balaji Nagar Main road?

The current guideline value for Balaji Nagar Main road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, representing an overall increase of 129% over the years.

What are the stamp duty rates for property in Balaji Nagar Main road?

The stamp duty for property transactions in Balaji Nagar Main road is charged at 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in Balaji Nagar Main road is charged at 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Thalakanancherry?

The Alandur Sub Registrar Office handles property registrations in Thalakanancherry, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.