Guideline Value for NEW BALAJI NAGAR BARATHIAR STREET (WARD -3)

New Balaji Nagar Barathiar Street (Ward -3) guideline value

The current guideline value of New Balaji Nagar Barathiar Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of New Balaji Nagar Barathiar Street (Ward -3) has changed

The guideline value for New Balaji Nagar Barathiar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and further rose to Rs 990 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft, and the median value is Rs 1,100 per sq.ft. The guideline value of New Balaji Nagar Barathiar Street at Rs 990 per sq.ft is below this median.

• Nethaji Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Nh2 Extension (Ward -7): Rs 1,320 per sq.ft (2024)
• Nirmal Nagar (Per): Rs 661 per sq.ft (2024)
• Nvignesh Nagar Ninnaikarai (Ward -19): Rs 661 per sq.ft (2024)
• Om Sakthi Street (Per): Rs 661 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in New Balaji Nagar Barathiar Street (Ward -3)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers New Balaji Nagar Barathiar Street (Ward -3)?

The Sub Registrar Office that covers New Balaji Nagar Barathiar Street (Ward -3) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Peramanoor. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid when buying or selling property.

Frequently asked questions

What is the current guideline value of New Balaji Nagar Barathiar Street?

The current guideline value of New Balaji Nagar Barathiar Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for New Balaji Nagar Barathiar Street?

New Balaji Nagar Barathiar Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Chengleput Joint II Sub Registrar Office, which covers New Balaji Nagar Barathiar Street, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.