Guideline Value for Balaji Nagar

Balaji Nagar guideline value

The current guideline value of Balaji Nagar is Rs 302 per sq.ft, effective from 1 July 2024. This area is located in Manampathi village under the Uthiramerur SRO and is classified as Residential Class III Type - III.

How the guideline value of Balaji Nagar has changed

According to the register, the guideline value for Balaji Nagar has remained consistent at Rs 302 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017 for this street.

From the 2023 revision to the 2024 revision, there has been no change, with the guideline value remaining at Rs 302 per sq.ft. This stability indicates that the value for this street has not fluctuated during this period.

Guideline values in Manampathi

In Manampathi, there are 13 streets under the Uthiramerur SRO that have a 2024 guideline value ranging from Rs 201 to Rs 329 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Balaji Nagar's 2024 figure above that median.

• Anu Avenue: Rs 263 per sq.ft (2024)
• Madha Nagar - II: Rs 302 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 201 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 302 per sq.ft (2024)
• Thendral Nagar: Rs 302 per sq.ft (2024)
• Sri Ganapathy Nagar Extension: Rs 201 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 302 per sq.ft, the total guideline value amounts to Rs 3,02,000. The stamp duty at 7% would be Rs 21,140, while the registration fee at 2% would be Rs 6,040, making the total cost for these fees Rs 27,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar?

Balaji Nagar falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manampathi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the registration reflects a fair value based on the established guideline rates.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 302 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 302 per sq.ft in both the 2023 and 2024 revisions, with no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Manampathi?

Other streets in Manampathi have varying guideline values ranging from Rs 201 to Rs 329 per sq.ft. Balaji Nagar's value is above the median of Rs 300 per sq.ft.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 302 per sq.ft, the total fees would amount to Rs 27,180.

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

The Uthiramerur Sub Registrar Office covers Balaji Nagar and is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.