Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Mannoor village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar has changed

The guideline value for Balaji Nagar has seen several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 130 per sq.ft. It increased significantly to Rs 300 per sq.ft in 2012, then dropped to Rs 201 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 300 per sq.ft, indicating no change between these two years. The register has no figure for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a substantial increase of 49%. The value remained steady from 2023 to 2024 with a change of +0%. Overall, from 2007 to 2024, the guideline value has increased by 131%.

Guideline values in Mannoor

In Mannoor village, there are 56 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Balaji Nagar's 2024 figure above this median.

• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Bajanai Koil Cross Street: Rs 100 per sq.ft (2024)
• Bairavar Nagar: Rs 250 per sq.ft (2024)
• Beauty Dreams: Rs 300 per sq.ft (2024)
• Beauty Farms & Resorts: Rs 300 per sq.ft (2024)
• Cresent Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total charges Rs 27,000. 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 more details.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office that covers Balaji Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mannoor. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the appropriate taxes are collected. Buyers should be aware that the stamp duty is calculated based on the higher amount between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 130 per sq.ft in 2007, increasing to Rs 300 per sq.ft in 2012, dropping to Rs 201 per sq.ft in 2017, and remaining at Rs 300 per sq.ft in both 2023 and 2024.

What are the other streets in Mannoor with their guideline values?

Other streets in Mannoor have varying guideline values. For example, Bajanai Koil Street is Rs 200 per sq.ft, while Beauty Dreams and Beauty Farms & Resorts both have a value of Rs 300 per sq.ft.

What is the registration fee for property in Balaji Nagar?

The registration fee for property in Balaji Nagar is calculated based on the guideline value. For example, for a plot valued at Rs 3,00,000, the registration fee would be Rs 6,000 at a rate of 2%.

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

The Sub Registrar Office for Balaji Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.