Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Vallam_B village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balaji Nagar has changed

According to the register, there are no figures available for Balaji Nagar for the years 2002, 2003, 2007, 2012, and 2017. The guideline value remained constant at Rs 400 per sq.ft during the 2023 revision and continues to be Rs 400 per sq.ft in the 2024 revision, reflecting a change of +0% from the previous year.

This consistency in the guideline value indicates stability in the valuation for Balaji Nagar over the recent revisions, with no recorded changes in the earlier years.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Balaji Nagar's 2024 figure at this median level.

• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• B.K. Rajiv Town: Rs 200 per sq.ft (2024)
• Casa Grande: Rs 600 per sq.ft (2024)
• Chandran Nagar: Rs 600 per sq.ft (2024)
• Deepalaxmi Nagar: Rs 400 per sq.ft (2024)
• Alliance villa Belvedere: Rs 1,950 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 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the 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 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 Vallam_B

The guideline value plays a crucial role in the registration process of property transactions in Vallam_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Balaji Nagar has remained at Rs 400 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Balaji Nagar?

Balaji Nagar is classified as Residential Class I Type - I, indicating its designation for residential use within the area.

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

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

How is the stamp duty calculated for property in Balaji Nagar?

Stamp duty for property in Balaji Nagar is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft results in a guideline value of Rs 4,00,000, leading to a total stamp duty and registration fee of Rs 36,000.