Guideline Value for Balaji Nagar Bharthidasan Street

Balaji Nagar Bharthidasan Street guideline value

The current guideline value of Balaji Nagar Bharthidasan 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, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Balaji Nagar Bharthidasan Street has changed

Looking at the historical revisions of the guideline value, the 2017 revision recorded a value of Rs 804 per sq.ft. This figure saw a significant increase in the 2023 revision, which set the value at Rs 1,200 per sq.ft, marking a 49% rise from the previous revision. The most recent revision in 2024 has further increased the guideline value to Rs 1,300 per sq.ft, reflecting an 8% increase from the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets that have a guideline value recorded for the year 2024, with values 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, which is the same as the current value for Balaji Nagar Bharthidasan Street.

• Balaji Nagar Balaji 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 Bharthidasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty, charged at 7%, would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000. Therefore, the total cost for stamp duty and registration fees together would be Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Balaji Nagar Bharthidasan Street?

The Sub Registrar Office that covers Balaji Nagar Bharthidasan Street is the Konnur Sub Registrar Office. The address is Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone. 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 plays a crucial role in the registration process of property transactions in 44.Ayanambakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. The higher of the guideline value or the sale price is considered for calculating these fees.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the property is registered at a value that reflects the official rates set by the government. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

From the 2017 revision of Rs 804 per sq.ft to the 2024 revision of Rs 1,300 per sq.ft, the overall increase is 62%. The value increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% rise.

What is the land classification for Balaji Nagar Bharthidasan Street?

Balaji Nagar Bharthidasan Street is classified under Residential Class II Type - I. This classification is important for determining the guideline value and applicable regulations for property transactions.

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

The Konnur Sub Registrar Office covers Balaji Nagar Bharthidasan Street. The office is located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Balaji Nagar Bharthidasan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at 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, totaling Rs 1,17,000.