Guideline Value for Balaji Nagar Thiruvaluvar Steet

Balaji Nagar Thiruvaluvar Steet guideline value

The current guideline value of Balaji Nagar Thiruvaluvar Steet is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Balaji Nagar Thiruvaluvar Steet has changed

The guideline value for Balaji Nagar Thiruvaluvar Steet has seen several revisions over the years. The earliest recorded revision available is from 2017, where the value was Rs 804 per sq.ft. This figure increased to Rs 1,200 per sq.ft in the 2023 revision, reflecting a change of 49%. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

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

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, which is equal to the guideline value of Balaji Nagar Thiruvaluvar Steet.

• Balaji Nagar Elango Nagar: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Bharthidasan Street: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Balaji Street: 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)
• Bbcl Villa Haven: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Thiruvaluvar Steet

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, charged at 7%, would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, resulting in a total of 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 use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Balaji Nagar Thiruvaluvar Steet?

The Sub Registrar Office that covers Balaji Nagar Thiruvaluvar Steet is the Konnur Sub Registrar Office. The address is Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor when registering property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded accurately for taxation purposes.

When a property is sold, the buyer and seller must adhere to the guideline value to calculate the applicable stamp duty and registration fees. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Balaji Nagar Thiruvaluvar Steet?

The current guideline value of Balaji Nagar Thiruvaluvar Steet 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 changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in 2024. This reflects an overall increase of 62% from 2017 to 2024.

What are the other streets in 44.Ayanambakkam with the same guideline value?

Other streets in 44.Ayanambakkam with a guideline value of Rs 1,300 per sq.ft in 2024 include Balaji Nagar Elango Nagar, Balaji Nagar Bharthidasan Street, Balaji Nagar Balaji Street, Balaji Nagar, and Balaji Avenue.

What fees are associated with buying property in Balaji Nagar Thiruvaluvar Steet?

When buying property in Balaji Nagar Thiruvaluvar Steet, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balaji Nagar Thiruvaluvar Steet?

The Konnur Sub Registrar Office covers Balaji Nagar Thiruvaluvar Steet, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.