Guideline Value for Balamurugan Nagar

Balamurugan Nagar guideline value

The current guideline value of Balamurugan Nagar is Rs 400 per sq.ft. This area is located in Nallur_2 village, under the jurisdiction of the Redhills SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Balamurugan Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, representing a change of +49%. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

The significant increase from 2017 to 2023 indicates a notable adjustment in the guideline value. The lack of data for several previous years means that the historical context of pricing in Balamurugan Nagar is limited to the two revisions mentioned.

Guideline values in Nallur_2

No village figures have been provided for Nallur_2. Balamurugan Nagar is the only street mentioned under this category.

Stamp duty and registration fee for property in Balamurugan Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balamurugan Nagar?

The Sub Registrar Office that covers Balamurugan Nagar is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is a critical factor in property transactions in Nallur_2. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for assessing the transaction's value. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the associated costs accurately.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar?

The current guideline value of Balamurugan Nagar is Rs 400 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 268 per sq.ft to the 2023 revision of Rs 400 per sq.ft, the guideline value increased by +49%.

What is the registration office for Balamurugan Nagar?

The registration office for Balamurugan Nagar is the Redhills Sub Registrar Office, located on Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What fees are associated with buying property in Balamurugan Nagar?

When buying property in Balamurugan Nagar, buyers need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Are there any other streets in Nallur_2 with guideline values?

No other streets in Nallur_2 have been mentioned, and there are no village figures provided for this area.