Guideline Value for Balaram Road

Balaram Road guideline value

The current guideline value of Balaram Road is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Balaram Road has changed

The guideline value for Balaram Road has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it then decreased to Rs 3,685 per sq.ft in 2017. The value saw a substantial increase to Rs 5,500 per sq.ft in 2023, and finally, it rose to Rs 6,100 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From 2007 to 2024, the overall change in the guideline value is an increase of 205%. The revisions for the years 2002 and 2003 do not have any figures listed for this street.

Guideline values in Adayar

Adayar village has 92 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft as per the 2024 revision. The median guideline value is Rs 6,100 per sq.ft, which is equal to the current value of Balaram Road.

• Bharathi Nagar Krishnamurthy Street: Rs 6,100 per sq.ft (2024)
• Bharathi Nagar Main Road: Rs 6,100 per sq.ft (2024)
• Bharathi Nagar Nethaji Street: Rs 6,100 per sq.ft (2024)
• Bharathi Nagar Tank Square Street: Rs 6,100 per sq.ft (2024)
• Avvai Colony: Rs 3,300 per sq.ft (2024)
• Arunachalam Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Balaram Road

For a 1,000 sq.ft plot at the current rate of Rs 6,100 per sq.ft, the guideline value would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, totaling Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaram Road?

Balaram Road falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Adayar, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid to the government.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. Ensuring that the sale price is in line with the guideline value can help avoid potential legal issues during registration.

Frequently asked questions

What is the current guideline value of Balaram Road?

The current guideline value of Balaram Road is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 6,100 per sq.ft in 2024, reflecting an overall increase of 205% over this period.

What are the stamp duty and registration fees for Balaram Road?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 5,49,000, based on the current guideline value.

Which office handles property registrations for Balaram Road?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles property registrations for Balaram Road.

What is the land classification for Balaram Road?

Balaram Road is classified as Residential Class II Type - I, which influences its guideline value and potential usage.