Guideline Value for Balu Indira Nagar

Balu Indira Nagar guideline value

The current guideline value of Balu Indira Nagar is Rs 2,360 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village, under the jurisdiction of the Kunrathur SRO. The land classification for this street is Residential Class II Type - IV.

How the guideline value of Balu Indira Nagar has changed

In the 2023 revision, the guideline value was Rs 2,145 per sq.ft. The latest 2024 revision increased this value by 10%, bringing it to Rs 2,360 per sq.ft. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value has seen an increase from Rs 2,145 in 2023 to Rs 2,360 in 2024. The percentage change reflects a notable adjustment in the valuation for this area.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft, with a median value of Rs 2,090 per sq.ft. Balu Indira Nagar's 2024 figure is above this median.

• Balasubramania Nagar: Rs 2,090 per sq.ft (2024)
• Bazaar Street: Rs 2,090 per sq.ft (2024)
• Bajanai Koil Street: Rs 2,090 per sq.ft (2024)
• Bhaskar Avenue: Rs 2,090 per sq.ft (2024)
• Audco Nagar: Rs 3,520 per sq.ft (2024)
• Chandra Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Balu Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,360 per sq.ft, the total guideline value amounts to Rs 23,60,000. The stamp duty at 7% would be Rs 1,65,200, and the registration fee at 2% would be Rs 47,200, totaling Rs 2,12,400. 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 Balu Indira Nagar?

The Sub Registrar Office that covers Balu Indira Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattupakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Balu Indira Nagar?

The current guideline value of Balu Indira Nagar is Rs 2,360 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 2,145 per sq.ft to Rs 2,360 per sq.ft, representing a 10% increase.

What is the land classification for Balu Indira Nagar?

Balu Indira Nagar is classified as Residential Class II Type - IV, indicating its zoning for residential purposes.

What are the stamp duty and registration fees for properties in Balu Indira Nagar?

For a property valued at Rs 23,60,000, the stamp duty would be Rs 1,65,200, and the registration fee would be Rs 47,200, totaling Rs 2,12,400.

Which office handles property registrations in Kattupakkam?

The Kunrathur Sub Registrar Office is responsible for property registrations in Kattupakkam, located at No.59, Road Street, Kundrathur, Chennai -600 069.