Guideline Value for T.G.BALABATHIRAN STREET

T.G.Balabathiran Street guideline value

The current guideline value of T.G.Balabathiran Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in SingaperumalKoil village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of T.G.Balabathiran Street has changed

The guideline value for T.G.Balabathiran Street has seen several revisions over the years. In 2007, the value was Rs 154 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 549%. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for T.G.Balabathiran Street. Overall, from 2007 to 2024, the guideline value has increased by 614%, showcasing significant changes over the years.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,100 per sq.ft, which aligns with the 2024 figure for T.G.Balabathiran Street.

• Thangammal Kalani: Rs 1,100 per sq.ft (2024)
• Thangammal Nagar: Rs 1,100 per sq.ft (2024)
• Theradi Street (A) Kamarajar Street: Rs 1,500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 800 per sq.ft (2024)
• Sri Perumbudur Road: Rs 1,500 per sq.ft (2024)
• Sannadhi Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in T.G.Balabathiran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to 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 details on fees applicable to your property.

Which Sub Registrar Office covers T.G.Balabathiran Street?

The Sub Registrar Office that covers T.G.Balabathiran Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in SingaperumalKoil. It serves as a benchmark for determining the 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 T.G.Balabathiran Street?

The current guideline value of T.G.Balabathiran Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 154 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, an increase of 614% overall.

What are the stamp duty rates for properties in T.G.Balabathiran Street?

The stamp duty rate for properties in T.G.Balabathiran Street is 7%, based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office should I visit for property transactions?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, is the office for property transactions related to T.G.Balabathiran Street.

What is the land classification for T.G.Balabathiran Street?

T.G.Balabathiran Street is classified as Residential Class I Type - I, indicating its suitability for residential developments.