Guideline Value for Balaraman Nagar

Balaraman Nagar guideline value

The current guideline value of Balaraman Nagar is Rs 800 per sq.ft. This area is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification is Residential Class I Type - I.

How the guideline value of Balaraman Nagar has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 536 per sq.ft, reflecting a 33% drop. However, the guideline value rebounded in the 2023 revision, increasing to Rs 800 per sq.ft, marking a 49% rise from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 800 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures provided for Rathinamangalam. Balaraman Nagar is one of the streets under the Gooduvancheri SRO, and there are no other streets in Rathinamangalam listed.

Stamp duty and registration fee for property in Balaraman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty is charged at 7%, totaling Rs 56,000, while the registration fee is 2%, amounting to Rs 16,000. Together, the total cost for these fees is Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaraman Nagar?

The Sub Registrar Office that covers Balaraman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaraman Nagar?

The current guideline value of Balaraman Nagar is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value of Balaraman Nagar has seen changes from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then back to Rs 800 per sq.ft in 2023. Overall, it has remained the same from 2012 to 2023.

What are the stamp duty and registration fees for property in Balaraman Nagar?

For a property valued at Rs 8,00,000, the stamp duty is Rs 56,000 at 7%, and the registration fee is Rs 16,000 at 2%. The total fees amount to Rs 72,000.

Which office handles property registrations in Balaraman Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations in Balaraman Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for the year 2024?

Currently, there is no published guideline value for Balaraman Nagar for the year 2024. The latest available figure is from the 2023 revision.