Guideline Value for Balakrishnan Street

Balakrishnan Street guideline value

The current guideline value of Balakrishnan Street is Rs 1,200 per sq.ft as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification is Residential Class I Type - I.

How the guideline value of Balakrishnan Street has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft, reflecting a drop of 33%. However, the value saw a significant increase in the 2023 revision, rising to Rs 1,200 per sq.ft, which is a 49% increase from the 2017 revision.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,200 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. Therefore, this street stands alone in the current guideline value context.

Stamp duty and registration fee for property in Balakrishnan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is essential to note that 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 Balakrishnan Street?

The Gooduvancheri Sub Registrar Office covers Balakrishnan Street. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Vandalur, the guideline value is an essential factor during the registration process. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately.

The guideline value serves as a benchmark for property transactions, helping to standardize the valuation process. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Balakrishnan Street?

The current guideline value of Balakrishnan Street is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 1,200 per sq.ft in the 2023 revision.

What are the stamp duty and registration fees for properties on Balakrishnan Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 1,08,000, calculated based on the guideline value of Rs 12,00,000.

Which Sub Registrar Office covers Balakrishnan Street?

The Gooduvancheri Sub Registrar Office covers Balakrishnan Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Vandalur with guideline values?

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO.