Guideline Value for Balaji Nagar Extn

Balaji Nagar Extn guideline value

The current guideline value of Balaji Nagar Extn is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Special Type - I.

How the guideline value of Balaji Nagar Extn has changed

Over the years, the guideline value of Balaji Nagar Extn has seen several revisions. In the 2007 revision, the value was Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this figure remained unchanged in the 2012 to 2017 period, where it dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 saw a substantial increase to Rs 1,500 per sq.ft.

Comparing the revisions, from 2017 to 2023, there was an increase of 49%. The period from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 173%. Overall, from 2007 to 2023, the guideline value has increased by 173%.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Balaji Nagar Extn is one of the streets under the jurisdiction of the Gooduvancheri SRO. Unfortunately, there are no other streets in Vandalur listed with guideline values.

Stamp duty and registration fee for property in Balaji Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Balaji Nagar Extn?

The Gooduvancheri Sub Registrar Office covers Balaji Nagar Extn. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone. You can find your SRO online for more information.

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

The guideline value plays a crucial role in property transactions in Vandalur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property transactions. The higher of the guideline value or the sale price is considered for calculating the applicable duties.

Frequently asked questions

What is the current guideline value of Balaji Nagar Extn?

The current guideline value of Balaji Nagar Extn is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for property in Balaji Nagar Extn?

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

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential to know the current guideline value, as it influences the costs associated with buying or selling property.