Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Balaji Nagar has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed the value at Rs 700 per sq.ft. The most recent 2024 revision has again set the guideline value at Rs 700 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a consistent increase of 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. Balaji Nagar's guideline value matches this median.

• Balaji Garden: Rs 700 per sq.ft (2024)
• Bakthavatchalam Nagar: Rs 700 per sq.ft (2024)
• Balaji Street: Rs 700 per sq.ft (2024)
• Bajanai Koil Street(sivanthangal): Rs 700 per sq.ft (2024)
• Banakara Street: Rs 1,000 per sq.ft (2024)
• Bangalore Road: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

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 details.

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

The guideline value is a crucial factor during property registration in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and fairness in the transaction process.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value increased from Rs 469 per sq.ft to Rs 700 per sq.ft in 2024, reflecting a 49% increase over this period.

What is the registration office for Balaji Nagar?

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

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

What is the land classification of Balaji Nagar?

Balaji Nagar is classified as Residential Class III Type - I, which indicates its designation for residential purposes within the local planning framework.