Guideline Value for G.K. SRI BALAJI NAGAR
₹203/sq.ft.
The guideline value for G.k. Sri Balaji Nagar in Arayapakkam village (Madurandakam SRO, Chengalpattu zone) is Rs 203 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 2% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Arayapakkam
Village
Madurandakam
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹203 /sq.ft. |
| From 1-4-2023 | ₹200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹134 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹200 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹70 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on G.k. Sri Balaji Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Madurandakam sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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G.K. Sri Balaji Nagar guideline value
The current guideline value of G.K. Sri Balaji Nagar is Rs 203 per sq.ft, effective from 1 July 2024. This street is located in Arayapakkam village, under the Madurandakam Sub Registrar Office (SRO), and is classified as Residential Special Type - I.
How the guideline value of G.K. Sri Balaji Nagar has changed
The guideline value for G.K. Sri Balaji Nagar has undergone several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 70 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2012, which was a 186% rise. However, the value decreased to Rs 134 per sq.ft in 2017, marking a 33% decline. The value then rose sharply to Rs 200 per sq.ft in 2023, a 49% increase, before reaching the current figure of Rs 203 per sq.ft in 2024, reflecting a 2% increase.
It is important to note that there are no recorded figures for G.K. Sri Balaji Nagar in the years 2002 and 2003. From 2007 to 2024, the overall increase in the guideline value is 190%.
Guideline values in Arayapakkam
In Arayapakkam, there are 15 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 120 to Rs 400 per sq.ft, with the median being Rs 203 per sq.ft. G.K. Sri Balaji Nagar's 2024 figure aligns with this median.
- High Way Park: Rs 120 per sq.ft (2024)
- Lake View Colony Phase -I: Rs 175 per sq.ft (2024)
- Ramya Reng & Ramya Ramaa: Rs 202 per sq.ft (2024)
- Rayal City Phase-II: Rs 200 per sq.ft (2024)
- Roja Nagar: Rs 203 per sq.ft (2024)
- Royal City Phase - I Ext: Rs 250 per sq.ft (2024)
Stamp duty and registration fee for property in G.K. Sri Balaji Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 203 per sq.ft, the total guideline value would be Rs 2,03,000. The stamp duty at 7% would be Rs 14,210, and the registration fee at 2% would be Rs 4,060, making the total cost for these fees Rs 18,270. It is important to note that 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 information.
Which Sub Registrar Office covers G.K. Sri Balaji Nagar?
The Sub Registrar Office that covers G.K. Sri Balaji Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Arayapakkam
The guideline value is an essential factor when buying or selling property in Arayapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction.
When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to compute the applicable duties. This ensures that the government receives a fair share of revenue from property transactions based on the established guideline values.
Frequently asked questions
What is the current guideline value of G.K. Sri Balaji Nagar?
The current guideline value of G.K. Sri Balaji Nagar is Rs 203 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 70 per sq.ft in 2007 to Rs 203 per sq.ft in 2024, reflecting an overall increase of 190% over the years.
What is the classification of land in G.K. Sri Balaji Nagar?
The land classification for G.K. Sri Balaji Nagar is Residential Special Type - I.
Where can I find the Madurandakam Sub Registrar Office?
The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.
How is stamp duty calculated for properties in G.K. Sri Balaji Nagar?
Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,03,000, the stamp duty would be Rs 14,210 at a rate of 7%.
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