Guideline Value for New Balaji Nagar
₹2900/sq.ft.
The guideline value for New Balaji Nagar in Selaiyur village (Selaiyur SRO, Chengalpattu zone) is Rs 2900 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Selaiyur
Village
Selaiyur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2900 /sq.ft. |
| From 1-4-2023 | ₹2700 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1809 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2700 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹850 /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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on New 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
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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New Balaji Nagar guideline value
The current guideline value of New Balaji Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - I.
How the guideline value of New Balaji Nagar has changed
The guideline value for New Balaji Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 850 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012, marking a 218% rise. However, the value saw a decrease to Rs 1,809 per sq.ft in the 2017 revision, representing a decline of 33%. In 2023, the value was revised to Rs 2,700 per sq.ft, and then it increased by 7% to reach the current value of Rs 2,900 per sq.ft in 2024.
From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 241%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.
Guideline values in Selaiyur
In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing New Balaji Nagar's current value above this median.
- New Balaji Nagar 1st Street: Rs 2,900 per sq.ft (2024)
- New Balaji Nagar 2nd Street: Rs 2,900 per sq.ft (2024)
- New Balaji Nagar 3rd Street: Rs 2,900 per sq.ft (2024)
- New Balaji Nagar 4th Street: Rs 2,900 per sq.ft (2024)
- New Balaji Nagar 5th Street: Rs 2,900 per sq.ft (2024)
- New Balaji Nagar Ext: Rs 2,900 per sq.ft (2024)
Stamp duty and registration fee for property in New Balaji Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, leading to a total cost of Rs 2,61,000. 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 detailed calculations.
Which Sub Registrar Office covers New Balaji Nagar?
The Sub Registrar Office that covers New Balaji Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Selaiyur
The guideline value is a critical factor during property transactions in Selaiyur. It serves as a benchmark for assessing the value of properties and is used to calculate the stamp duty and registration fees during the sale process.
When buying or selling property, the guideline value ensures that the transaction is registered at a fair price, reflecting the official valuation set by the government. This helps maintain transparency and accountability in real estate transactions.
Frequently asked questions
What is the current guideline value for New Balaji Nagar?
The current guideline value for New Balaji Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed significantly from Rs 850 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, marking an overall increase of 241% over the years.
What are the other streets in Selaiyur with the same guideline value?
Other streets in Selaiyur with the same guideline value of Rs 2,900 per sq.ft include New Balaji Nagar 1st Street, 2nd Street, 3rd Street, 4th Street, 5th Street, and New Balaji Nagar Ext.
What is the stamp duty for property in New Balaji Nagar?
The stamp duty for property in New Balaji Nagar is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 2,03,000.
Where is the Sub Registrar Office for New Balaji Nagar located?
The Sub Registrar Office for New Balaji Nagar is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.
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