Guideline Value for Balaji Nagar 3rd Street

Balaji Nagar 3rd Street guideline value

The current guideline value of Balaji Nagar 3rd Street is Rs 3,900 per sq.ft. This street 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 3rd Street has changed

Over the years, the guideline value for Balaji Nagar 3rd Street has seen several revisions. The 2007 revision set the value at Rs 1,700 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in the 2017 revision. The guideline value rose significantly in the following revisions, reaching Rs 3,500 per sq.ft in 2023 and finally increasing to Rs 3,900 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The 2012 to 2017 revision saw a decrease of 33%, while the jump from 2007 to 2012 was a substantial 106%. Overall, from 2007 to 2024, the guideline value has increased by 129%. The register has no 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 carry 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 is equal to the current value of Balaji Nagar 3rd Street.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar 3rd Street?

The Sub Registrar Office that covers Balaji Nagar 3rd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

When buying or selling property in Thalakanancherry, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Understanding these values helps in making informed decisions during the property buying or selling process.

Frequently asked questions

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

The current guideline value of Balaji Nagar 3rd Street is Rs 3,900 per sq.ft as per the 2024 revision.

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, reflecting an overall increase of 129% over the years.

What are the other streets in Thalakanancherry with the same guideline value?

Other streets in Thalakanancherry that share the same guideline value of Rs 3,900 per sq.ft include Balaji Nagar 1st Street, Balaji Nagar 2nd Street, Balaji Nagar Main road, and Balaji Nagar Street Main Colony.

What is the registration fee for property transactions?

The registration fee for property transactions is calculated at 2% of the guideline value. For example, on a property valued at Rs 39,00,000, the registration fee would be Rs 78,000.

Where can I find the Sub Registrar Office for Balaji Nagar 3rd Street?

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