Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 1,100 per sq.ft as per the 2023 revision. This area is located in Urapakkam village under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has seen various revisions over the years. The most recent revision in 2023 set the guideline value at Rs 1,100 per sq.ft. Prior to this, in 2017, the guideline value was Rs 737 per sq.ft, representing a significant increase of 49%. In 2012, the guideline value was also Rs 1,100 per sq.ft, indicating that there has been no overall change from 2012 to 2023.

Looking back further, the 2017 revision marked a decrease of 33% from the 2012 figure. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street, indicating gaps in the historical data.

Guideline values in Urapakkam

Balaji Nagar is one of the streets in Urapakkam, which is covered under the Gooduvancheri SRO. Unfortunately, no specific village figures are provided for Urapakkam. The list of other streets in Urapakkam is currently not available.

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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?

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

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

The guideline value is a crucial factor when buying or selling property in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 1,100 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has remained the same at Rs 1,100 per sq.ft, despite a decrease to Rs 737 per sq.ft in 2017. The most recent revision in 2023 increased the value to Rs 1,100 per sq.ft again.

What is the stamp duty rate for properties in Balaji Nagar?

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

Where is the Gooduvancheri Sub Registrar Office located?

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

Are there any other streets in Urapakkam with guideline values?

Currently, there are no other streets in Urapakkam listed with guideline values. Balaji Nagar is the only street mentioned in the available data.