Guideline Value for Balaji Garden

Balaji Garden guideline value

The current guideline value of Balaji Garden is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Balaji Garden has changed

The guideline value of Balaji Garden has undergone several revisions since 2017. In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. It remained unchanged at Rs 700 per sq.ft in the 2023 revision, and it continues at the same rate in the 2024 revision, indicating a 49% increase from 2017 to 2023 and a 49% increase overall from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

In summary, from 2017 to 2023, the guideline value saw a significant increase of 49%. However, there was no change from 2023 to 2024, maintaining the value at Rs 700 per sq.ft.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the current guideline value of Balaji Garden.

• Balaji Nagar: Rs 700 per sq.ft (2024)
• Bakthavatchalam Nagar: Rs 700 per sq.ft (2024)
• Bajanai Koil Street(sivanthangal): Rs 700 per sq.ft (2024)
• Balaji Street: Rs 700 per sq.ft (2024)
• Banakara Street: Rs 1,000 per sq.ft (2024)
• Bangalore Road: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Garden

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Garden?

The Sub Registrar Office that covers Balaji Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the transaction is in line with government regulations. This value helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Balaji Garden?

The current guideline value of Balaji Garden is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and remained the same in 2024, showing a 49% increase overall from 2017 to 2024.

What is the land classification of Balaji Garden?

Balaji Garden is classified as Residential Class III Type - I, which indicates its intended use for residential purposes.

Where is the Sub Registrar Office located for Balaji Garden?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property in Balaji Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.