Guideline Value for Balaji Street

Balaji Street guideline value

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

How the guideline value of Balaji Street has changed

According to the register, the guideline value for Balaji Street has remained constant at Rs 700 per sq.ft for the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 469 per sq.ft, marking a 49% increase from 2017 to 2023.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

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 Street's guideline value aligns perfectly with this median.

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

Stamp duty and registration fee for property in Balaji Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, which totals Rs 49,000, while the registration fee is 2%, amounting to Rs 14,000. Together, the total fees would be Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balaji Street?

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

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

The guideline value is a critical factor when registering property transactions in Sriperumbudur A. It serves as a basis for calculating the stamp duty and registration fees that buyers must pay during the registration process.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is advisable to check the current guideline value before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Balaji Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft for both the 2023 and 2024 revisions, while it was Rs 469 per sq.ft in 2017, representing a 49% increase from 2017 to 2023.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total stamp duty and registration fees would amount to Rs 63,000, including Rs 49,000 for stamp duty and Rs 14,000 for registration fees.

Which Sub Registrar Office covers Balaji Street?

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

What is the land classification for Balaji Street?

The land classification for Balaji Street is Residential Class III Type - I, indicating its designation for residential use.