Guideline Value for Balaji Nagar Extension

Balaji Nagar Extension guideline value

The current guideline value of Balaji Nagar Extension is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Balaji Nagar Extension has changed

The guideline value for Balaji Nagar Extension has undergone several revisions over the years. The oldest registered figure is from the 2017 revision, which set the value at Rs 1,675 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,700 per sq.ft, marking a significant increase of 61% over the seven-year period.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The 2024 figure of Rs 2,700 per sq.ft aligns with the median guideline value of Rs 2,700 per sq.ft for the 1,318 streets in Kodungaiyur under the Madhavaram SRO.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values range from Rs 1,900 to Rs 4,000 per sq.ft as per the 2024 revision, with the median value being Rs 2,700 per sq.ft. Balaji Nagar Extension's current guideline value matches this median.

• Balaji Nagar Extension (Koyyathoppu): Rs 2,200 per sq.ft (2024)
• Balaji Nagar (Goyathoppu): Rs 2,700 per sq.ft (2024)
• Balaji Street: Rs 2,200 per sq.ft (2024)
• Balakrishnan Street (Krishanmoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Balakrishna Street: Rs 2,700 per sq.ft (2024)
• Balaji Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Therefore, the total cost for stamp duty and registration would be Rs 2,43,000. 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 Extension?

The Sub Registrar Office that covers Balaji Nagar Extension is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kodungaiyur. 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 price as per government standards.

When buying or selling property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value. Buyers should be aware of the guideline value to estimate the total costs involved in the property transaction.

Frequently asked questions

What is the current guideline value of Balaji Nagar Extension?

The current guideline value of Balaji Nagar Extension is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, which is a change of 61%.

Are there any revisions without figures for Balaji Nagar Extension?

Yes, the revisions for the years 2023, 2012, 2007, 2003, and 2002 have no figures available for Balaji Nagar Extension.

What is the land classification for Balaji Nagar Extension?

The land classification for Balaji Nagar Extension is Residential Class I Type - I.

Where can I find more information about stamp duty and registration fees?

For detailed information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.