Guideline Value for Balaji Nagar Elango Nagar

Balaji Nagar Elango Nagar guideline value

The current guideline value for Balaji Nagar Elango Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Balaji Nagar Elango Nagar has changed

The guideline value for Balaji Nagar Elango Nagar 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 2024 revision reflects a further increase to Rs 1,300 per sq.ft, marking an overall increase of 62% from 2017 to 2024. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, the guideline value increased by 8%, while the change from 2017 to 2023 was a significant 49%. These revisions highlight the adjustments made to the guideline value over the years, aligning it with the current market conditions.

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, which is equal to the current value for Balaji Nagar Elango Nagar.

• Balaji Nagar Bharthidasan Street: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Balaji Street: 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 Elango Nagar

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, while the registration fee at 2% would be Rs 26,000, bringing the total to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar Elango Nagar?

The Sub Registrar Office covering Balaji Nagar Elango Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for further assistance.

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 when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer and seller must consider the guideline value to calculate applicable fees, such as stamp duty and registration charges. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value for Balaji Nagar Elango Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62% during this period.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, which is the same as the current value for Balaji Nagar Elango Nagar.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Balaji Nagar Elango Nagar located?

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