Guideline Value for Balaji Nagar Balaji Street

Balaji Nagar Balaji Street guideline value

The current guideline value of Balaji Nagar Balaji Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Balaji Nagar Balaji Street has changed

The guideline value for Balaji Nagar Balaji Street has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 has further raised the value to Rs 1,300 per sq.ft, marking an increase of 8% from the previous year.

From 2017 to 2023, the guideline value rose by 49%, and overall, from 2017 to 2024, it has increased by 62%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, aligning with the current value of Balaji Nagar Balaji Street.

• Balaji Nagar Bharthidasan Street: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Elango Nagar: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Thiruvaluvar Steet: Rs 1,300 per sq.ft (2024)
• Balaji Nagar: Rs 1,300 per sq.ft (2024)
• Balaji Avenue: Rs 1,300 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, leading to a total of Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balaji Nagar Balaji Street?

The Balaji Nagar Balaji Street falls under the jurisdiction of the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor when registering properties in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during property transactions.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency and consistency in real estate dealings.

Frequently asked questions

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

The current guideline value of Balaji Nagar Balaji Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, representing a total increase of 62% over this period.

What is the stamp duty for properties in Balaji Nagar Balaji Street?

The stamp duty for properties in Balaji Nagar Balaji Street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Balaji Nagar Balaji Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the other streets with the same guideline value in 44.Ayanambakkam?

Other streets in 44.Ayanambakkam that share the same guideline value of Rs 1,300 per sq.ft include Balaji Nagar Bharthidasan Street, Balaji Nagar Elango Nagar, Balaji Nagar Thiruvaluvar Steet, Balaji Nagar, Balaji Avenue, and Bajanai Kovil Street.