Guideline Value for Balammal Street(bhavani nagar)

Balammal Street(bhavani nagar) guideline value

The current guideline value of Balammal Street(bhavani nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Balammal Street(bhavani nagar) has changed

The guideline value for Balammal Street(bhavani nagar) has seen several revisions over the years. The earliest available figure is from 2007, where the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, but then dropped to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft from the 2024 revision. The changes between these revisions include a 275% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 7% increase from 2023 to 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, making the current value of Balammal Street(bhavani nagar) above this median.

• Balammal 2nd Cross Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Balammal 1st Cross Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Balan Street(Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Balaji Street (Rajammal nagar): Rs 1,300 per sq.ft (2024)
• Barathiyar Nagar: Rs 1,300 per sq.ft (2024)
• Balaji Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Balammal Street(bhavani nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Balammal Street(bhavani nagar)?

The Sub Registrar Office that covers Balammal Street(bhavani nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

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

When a property is registered, the authorities will assess either the guideline value or the sale price, whichever is higher, to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Balammal Street(bhavani nagar)?

The current guideline value of Balammal Street(bhavani nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Balammal Street(bhavani nagar)?

The land classification for Balammal Street(bhavani nagar) is Residential Special Type - III.

Where is the Sub Registrar Office for Balammal Street(bhavani nagar)?

The Sub Registrar Office for Balammal Street(bhavani nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for property in Balammal Street(bhavani nagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.