Guideline Value for Balajinagar 100/1,100/2A

Balajinagar 100/1,100/2A guideline value

The current guideline value for Balajinagar 100/1,100/2A is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Thirumazhisai village, under the Poonamallee SRO, and is classified as Residential Special Type - I.

How the guideline value of Balajinagar 100/1,100/2A has changed

The guideline value for Balajinagar 100/1,100/2A has undergone several revisions over the years. In 2002, the guideline value was Rs 70 per sq.ft, which increased to Rs 88 per sq.ft in 2003. The value saw a significant rise to Rs 150 per sq.ft in 2007, followed by a substantial jump to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, before reaching the current value of Rs 1,100 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. The most notable change occurred between 2007 and 2012, where the value surged by 567%. Overall, from 2002 to 2024, the guideline value has increased by 1,471%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Balajinagar 100/1,100/2A is below this median.

• Balaji nagar: Rs 1,100 per sq.ft (2024)
• Athukkal street: Rs 1,100 per sq.ft (2024)
• A.S.R In Papa City: Rs 1,320 per sq.ft (2024)
• A.S.R City: Rs 1,320 per sq.ft (2024)
• Bharathi nagar: Rs 1,100 per sq.ft (2024)
• Bharathi nagar vistharippu: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Balajinagar 100/1,100/2A

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Balajinagar 100/1,100/2A?

The Sub Registrar Office that covers Balajinagar 100/1,100/2A is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar, Poonamallee, Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Thirumazhisai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline value.

Frequently asked questions

What is the current guideline value for Balajinagar 100/1,100/2A?

The current guideline value for Balajinagar 100/1,100/2A is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 1,471% over the years.

What is the land classification for Balajinagar 100/1,100/2A?

Balajinagar 100/1,100/2A is classified as Residential Special Type - I.

Where is the Poonamallee Sub Registrar Office located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar, Poonamallee, Chennai - 600056.

How is stamp duty calculated for properties in Balajinagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft would incur a total guideline value of Rs 11,00,000, leading to a stamp duty of Rs 77,000.