Guideline Value for Balakrishnapuram 4th Street (Balakrishnapuram colony)

Balakrishnapuram 4th Street (Balakrishnapuram colony) guideline value

The current guideline value for Balakrishnapuram 4th Street (Balakrishnapuram colony) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Balakrishnapuram 4th Street (Balakrishnapuram colony) has changed

The guideline value for Balakrishnapuram 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from Rs 2,345 per sq.ft in the 2017 revision. However, in the 2023 revision, the value increased to Rs 3,500 per sq.ft, and the latest revision in 2024 raised it to Rs 3,900 per sq.ft, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of Balakrishnapuram 4th Street.

• Balakrishna Puram 3rd Street: Rs 3,900 per sq.ft (2024)
• Balakrishnapuram 5th Street (Balakrishnapuram colony): Rs 3,900 per sq.ft (2024)
• Balakrishnapuram 2nd Street (Balakrishnapuram colony): Rs 3,900 per sq.ft (2024)
• Balakrishnapuram 6th Street (Balakrishnapuram colony): Rs 3,900 per sq.ft (2024)
• Balakrishnapuram 1st Street (Balakrishnapuram colony): Rs 3,900 per sq.ft (2024)
• Balakrishnapuram Cross Street (Balakrishnapuram colony): Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Balakrishnapuram 4th Street (Balakrishnapuram colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balakrishnapuram 4th Street (Balakrishnapuram colony)?

The Sub Registrar Office that covers Balakrishnapuram 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balakrishnapuram 4th Street?

The current guideline value of Balakrishnapuram 4th Street (Balakrishnapuram colony) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, which is an increase of 11%. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012, showing various fluctuations over the years.

What are the other streets in Adambakkam with the same guideline value?

Other streets in Adambakkam that share the same guideline value of Rs 3,900 per sq.ft include Balakrishna Puram 3rd Street, Balakrishnapuram 5th Street, Balakrishnapuram 2nd Street, Balakrishnapuram 6th Street, Balakrishnapuram 1st Street, and Balakrishnapuram Cross Street.

What is the stamp duty rate for properties in Balakrishnapuram 4th Street?

The stamp duty rate for properties in Balakrishnapuram 4th Street is 7% of the guideline value or the sale price, whichever is higher. This is part of the fees required during the registration process.

Where can I find the Sub Registrar Office for Balakrishnapuram 4th Street?

The Sub Registrar Office covering Balakrishnapuram 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.