Guideline Value for Balaji Nagar 3rd Cross Street

Balaji Nagar 3rd Cross Street guideline value

The current guideline value of Balaji Nagar 3rd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Balaji Nagar 3rd Cross Street has changed

The guideline value for Balaji Nagar 3rd Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 253 per sq.ft, which increased to Rs 284 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,200 per sq.ft in 2007, and then it further increased to Rs 2,500 per sq.ft in 2012. However, in 2017, the value decreased to Rs 1,675 per sq.ft. The most recent revisions show an increase to Rs 2,500 per sq.ft in 2023, and then to Rs 2,800 per sq.ft in 2024, reflecting a change of +12% from the previous year.

Overall, from 2002 to 2024, the guideline value for Balaji Nagar 3rd Cross Street has increased by +1007%. The register has no figures for the years between 2012 and 2017, and for the years prior to 2002.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, which means the guideline value for Balaji Nagar 3rd Cross Street is equal to the median.

• Balaji Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Balaji Nagar 4th Cross Street: Rs 2,800 per sq.ft (2024)
• Balaji Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Balaji Nagar 4th Street: Rs 2,800 per sq.ft (2024)
• Balaji Nagar 5th Cross Street: Rs 2,800 per sq.ft (2024)
• Balaji Nagar 5th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, resulting in a total of Rs 2,52,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Balaji Nagar 3rd Cross Street?

The Sub Registrar Office that covers Balaji Nagar 3rd Cross Street 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 here.

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

The guideline value is a crucial factor when buying or selling property in Ullagaram, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price is lower than the guideline value, the duty will be charged based on the guideline value, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 3rd Cross Street?

The current guideline value of Balaji Nagar 3rd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, starting from Rs 253 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of +1007%.

What is the land classification of Balaji Nagar 3rd Cross Street?

Balaji Nagar 3rd Cross Street is classified as Residential Class II Type - I.

Where can I find information on stamp duty and registration fees?

You can find information on stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Balaji Nagar 3rd Cross Street?

The Alandur Sub Registrar Office handles registrations for Balaji Nagar 3rd Cross Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.