Guideline Value for S.P BALU GARDENS

S.P Balu Gardens guideline value

The current guideline value of S.P Balu Gardens is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village, under the Pallipattu SRO, and is classified as Residential Special Type - III.

How the guideline value of S.P Balu Gardens has changed

The guideline value for S.P Balu Gardens has seen several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which was then increased to Rs 150 per sq.ft in the 2023 revision. The most recent revision in 2024 maintained this rate at Rs 150 per sq.ft, reflecting a 50% increase from the 2017 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The change from 2023 to 2024 shows no percentage increase, remaining at Rs 150 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 18 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft, with a median of Rs 104 per sq.ft. The guideline value for S.P Balu Gardens is above this median.

• Sorakayapet (Thoppu Street): Rs 104 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 104 per sq.ft (2024)
• Saliyar Street: Rs 104 per sq.ft (2024)
• Road Street: Rs 104 per sq.ft (2024)
• Raja Street: Rs 104 per sq.ft (2024)
• Vaniyar Street: Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in S.P Balu Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.P Balu Gardens?

The Sub Registrar Office that covers S.P Balu Gardens is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. 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 considered to ensure that the appropriate fees are collected based on the value of the property. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of S.P Balu Gardens?

The current guideline value of S.P Balu Gardens is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023 and remained the same in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Kolathur?

Other streets in Kolathur have a guideline value of Rs 104 per sq.ft in 2024. This is lower than the guideline value of S.P Balu Gardens.

What are the stamp duty and registration fees for a property in S.P Balu Gardens?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for S.P Balu Gardens?

The Pallipattu Sub Registrar Office handles property registrations for S.P Balu Gardens. It is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.