Guideline Value for Balaji Nagar Main Road

Balaji Nagar Main Road guideline value

The current guideline value of Balaji Nagar Main Road is Rs 2,090 per sq.ft, effective from 1 July 2024. This road is located in Noombal village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Balaji Nagar Main Road has changed

The guideline value for Balaji Nagar Main Road has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,273 per sq.ft. This increased to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 64%. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is equal to the guideline value of Balaji Nagar Main Road.

• Balamurugan Nagar: Rs 2,090 per sq.ft (2024)
• Balaji Nagar: Rs 2,090 per sq.ft (2024)
• Ashok Residency Main Road: Rs 2,090 per sq.ft (2024)
• Ashok Nandavanam II: Rs 2,090 per sq.ft (2024)
• Ashok Nandavanam: Rs 2,090 per sq.ft (2024)
• Brindavan Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar Main Road?

The Sub Registrar Office that covers Balaji Nagar Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Noombal. It serves as a basis for calculating the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value ensures that the property is valued appropriately for registration purposes. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Balaji Nagar Main Road?

The current guideline value of Balaji Nagar Main Road is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,273 per sq.ft to Rs 2,090 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for property in Balaji Nagar Main Road?

For a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

Which Sub Registrar Office covers Balaji Nagar Main Road?

The Kunrathur Sub Registrar Office covers Balaji Nagar Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Balaji Nagar Main Road?

Balaji Nagar Main Road is classified as Residential Special Type - I under the guideline value register.