Guideline Value for Balapuram Selum Road

Balapuram Selum Road guideline value

The current guideline value of Balapuram Selum Road is Rs 150 per sq.ft, effective from 1 July 2024. This road is located in Ammayarkuppam village, under the Ramakrishna Rajupettai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Balapuram Selum Road has changed

Over the years, the guideline value for Balapuram Selum Road has seen several revisions. The 2007 revision set the value at Rs 60 per sq.ft, which increased significantly to Rs 220 per sq.ft in 2012. However, this was followed by a decrease to Rs 147 per sq.ft in 2017. The 2023 revision maintained the value at Rs 150 per sq.ft, and the 2024 revision also remains at Rs 150 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 2%, while from 2012 to 2017, it decreased by 33%. The substantial increase from 2007 to 2012 was 267%. Overall, from 2007 to 2024, the guideline value has risen by 150%.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 260 per sq.ft, with a median value of Rs 260 per sq.ft. Balapuram Selum Road's guideline value is below this median.

• Bazzar Street: Rs 260 per sq.ft (2024)
• Beeranji St: Rs 241 per sq.ft (2024)
• Bajanai Koil St: Rs 241 per sq.ft (2024)
• Araneri Tamizh Sanga Street: Rs 260 per sq.ft (2024)
• Anna Nagar St: Rs 241 per sq.ft (2024)
• Aavalagunda St: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Balapuram Selum Road

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty, calculated at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000. Therefore, the total cost for these fees would be Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balapuram Selum Road?

The Sub Registrar Office that covers Balapuram Selum Road is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ammayarkuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller comply with the legal requirements set by the Registration Department. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Balapuram Selum Road?

The current guideline value of Balapuram Selum Road is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, reflecting an overall increase of 150% since 2007.

What is the classification of land on Balapuram Selum Road?

Balapuram Selum Road is classified as Residential Class III Type - I under the guideline value register.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Where is the Sub Registrar Office for Balapuram Selum Road located?

The Sub Registrar Office for Balapuram Selum Road is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.