Guideline Value for Balaji Nagar 4th Cross Street

Balaji Nagar 4th Cross Street guideline value

The current guideline value of Balaji Nagar 4th 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 is classified as Residential Class II Type - I.

How the guideline value of Balaji Nagar 4th Cross Street has changed

The guideline value for Balaji Nagar 4th Cross Street has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 253 per sq.ft. This increased to Rs 284 per sq.ft in 2003, marking a 12% rise. The value continued to climb, reaching Rs 1,200 per sq.ft in 2007, which was a significant increase of 323%. In 2012, the value was Rs 2,500 per sq.ft, reflecting a 108% increase from the previous revision. However, it dropped to Rs 1,675 per sq.ft in 2017, representing a decrease of 33%.

In the 2023 revision, the guideline value was Rs 2,500 per sq.ft, and it increased to Rs 2,800 per sq.ft in 2024, showing a rise of 12%. Overall, from 2002 to 2024, the guideline value has increased by 1007%.

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, with the median being Rs 2,800 per sq.ft. Balaji Nagar 4th Cross Street's 2024 figure aligns with this median.

• 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)
• Balaji Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Balaji Nagar 6th Street: Rs 2,800 per sq.ft (2024)
• Balaji Nagar 3rd Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. Please 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 details.

Which Sub Registrar Office covers Balaji Nagar 4th Cross Street?

The Sub Registrar Office that covers Balaji Nagar 4th 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 for more information.

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

The guideline value is an important factor when registering property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately according to government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers should be aware of the guideline value to ensure they are prepared for these additional expenses during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar 4th Cross Street?

The current guideline value of Balaji Nagar 4th 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 from Rs 253 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1007% over the years.

What is the registration office for Balaji Nagar 4th Cross Street?

The registration office for Balaji Nagar 4th Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Balaji Nagar 4th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty at 7% would be Rs 1,96,000.

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

Several other streets in Ullagaram have the same guideline value of Rs 2,800 per sq.ft, including Balaji Nagar 4th Street, Balaji Nagar 5th Cross Street, Balaji Nagar 5th Street, Balaji Nagar 3rd Street, Balaji Nagar 6th Street, and Balaji Nagar 3rd Cross Street.