Guideline Value for Dinesh Nagar Balaji Main Road

Dinesh Nagar Balaji Main Road guideline value

The current guideline value of Dinesh Nagar Balaji Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Dinesh Nagar Balaji Main Road has changed

The guideline value for Dinesh Nagar Balaji Main Road has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision raised the value further to Rs 1,300 per sq.ft, marking an 8% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 62%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions highlight the increase in property values over the years, particularly a 49% rise from 2017 to 2023.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with the median value being Rs 1,300 per sq.ft. Dinesh Nagar Balaji Main Road's 2024 figure aligns with this median value.

• Dinesh Nagar: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Bharathidasan Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Elango Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Gandhi Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Sriram Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dinesh Nagar Balaji Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dinesh Nagar Balaji Main Road?

The Dinesh Nagar Balaji Main Road falls under the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role when buying or selling property in 44.Ayanambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is the minimum value at which the property will be registered.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Dinesh Nagar Balaji Main Road?

The current guideline value of Dinesh Nagar Balaji Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 62% to the current rate of Rs 1,300 per sq.ft in 2024. The increase from 2023 to 2024 is 8%.

Where can I find the registration office for Dinesh Nagar Balaji Main Road?

The registration office for Dinesh Nagar Balaji Main Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the stamp duty and registration fees for property in Dinesh Nagar Balaji Main Road?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value.

What is the land classification for Dinesh Nagar Balaji Main Road?

Dinesh Nagar Balaji Main Road is classified as Residential Class II Type - I, which indicates the type of development permissible in the area.