Guideline Value for Ballikuda 2nd Street

Ballikuda 2nd Street guideline value

The current guideline value of Ballikuda 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ballikuda 2nd Street has changed

The guideline value for Ballikuda 2nd Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017, reflecting a change of -33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 has established the value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Ballikuda 2nd Street. Overall, from 2012 to 2024, there has been a total increase of 10% in the guideline value.

Guideline values in Peerklankaranai

Peerklankaranai village has a total of 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which aligns with the guideline value of Ballikuda 2nd Street.

• Ballikuda 1st street: Rs 1,650 per sq.ft (2024)
• Bangaru Kamatchi amman st: Rs 1,650 per sq.ft (2024)
• Balakrishnan Street: Rs 1,650 per sq.ft (2024)
• Balakrishna nagar: Rs 1,980 per sq.ft (2024)
• Balaji Street: Rs 1,650 per sq.ft (2024)
• Barathi Dossan Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ballikuda 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ballikuda 2nd Street?

The Sub Registrar Office that covers Ballikuda 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Ballikuda 2nd Street?

The current guideline value of Ballikuda 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, representing an overall increase of 10% over this period.

What is the stamp duty rate for property in Ballikuda 2nd Street?

The stamp duty rate for property transactions in Ballikuda 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for property transactions?

The registration fee for property transactions in Ballikuda 2nd Street is 2% of the guideline value or the sale price, whichever is higher.

Which office handles the registration of properties in Peerklankaranai?

The Tambaram Joint 1 Sub Registrar Office handles the registration of properties in Peerklankaranai, located at No.26, Mes Road, East Tambaram, Chennai-600059.