Guideline Value for Balu Samy Naidu Street (Balu Samy Street)

Balu Samy Naidu Street (Balu Samy Street) guideline value

The current guideline value of Balu Samy Naidu Street (Balu Samy Street) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village, under the Alandur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balu Samy Naidu Street (Balu Samy Street) has changed

The guideline value for Balu Samy Naidu Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. The value then increased significantly to Rs 4,000 per sq.ft in 2023, and further increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% rise from the previous year.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Nanganallur

Nanganallur has a total of 155 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Balu Samy Naidu Street's 2024 figure above this median.

• Bala Vinayagar Murthy Colony: Rs 3,300 per sq.ft (2024)
• Bala Vinayagar Koil Street: Rs 3,300 per sq.ft (2024)
• Bharathi Street: Rs 2,800 per sq.ft (2024)
• Avvaiyar Street: Rs 3,300 per sq.ft (2024)
• Ashokan Street: Rs 2,800 per sq.ft (2024)
• Church Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Balu Samy Naidu Street (Balu Samy Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balu Samy Naidu Street (Balu Samy Street)?

The Sub Registrar Office that covers Balu Samy Naidu Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a critical figure used during property registration in Nanganallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, which is essential for legal and taxation purposes. Buyers and sellers should be aware of this value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Balu Samy Naidu Street?

The current guideline value of Balu Samy Naidu Street (Balu Samy Street) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the median guideline value in Nanganallur?

The median guideline value for the 155 streets in Nanganallur under the Alandur SRO is Rs 3,900 per sq.ft.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for Balu Samy Naidu Street?

The Alandur Sub Registrar Office covers Balu Samy Naidu Street and is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.