Guideline Value for BIRLA NAGAR

Birla Nagar guideline value

The current guideline value of Birla Nagar, located in Pandeswaram village under the Avadi SRO, is Rs 165 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Birla Nagar has changed

The guideline value for Birla Nagar has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 100 per sq.ft. This value increased significantly by 50% to Rs 150 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased this value by 10%, bringing it to Rs 165 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 65%.

Guideline values in Pandeswaram

In Pandeswaram, there are 7 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,150 per sq.ft. The median value for these streets is Rs 165 per sq.ft, which is equal to the 2024 figure for Birla Nagar.

• Gurumahan Nagar: Rs 165 per sq.ft (2024)
• Sri Balaji Nagar: Rs 330 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 165 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 165 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,150 per sq.ft (2024)
• Sri Sudharsan Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Birla Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,65,000. The stamp duty at 7% would amount to Rs 11,550, and the registration fee at 2% would be Rs 3,300, totaling Rs 14,850. 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 details.

Which Sub Registrar Office covers Birla Nagar?

The Sub Registrar Office that covers Birla Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Birla Nagar?

The current guideline value of Birla Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 165 per sq.ft in 2024, marking an overall increase of 65% over this period.

What are the other streets in Pandeswaram with their guideline values?

Other streets in Pandeswaram include Gurumahan Nagar, Sri Balaji Nagar, Sri Bhavani Amman Nagar, Sri Mahalakshmi Nagar, Srinivasa Nagar, and Sri Sudharsan Nagar, with values ranging from Rs 165 to Rs 1,150 per sq.ft.

Where can I find the Sub Registrar Office for Birla Nagar?

The Avadi Sub Registrar Office covers Birla Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Birla Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 1,65,000, the total stamp duty and registration fee would amount to Rs 14,850.