Guideline Value for SAI BALAJI NAGAR (ALL PARTS )

Sai Balaji Nagar (All Parts ) guideline value

The current guideline value for Sai Balaji Nagar (All Parts) is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this region is Residential Class IV Type - I.

How the guideline value of Sai Balaji Nagar (All Parts ) has changed

The guideline value for Sai Balaji Nagar has undergone several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 1,001 per sq.ft. This increased to Rs 1,500 per sq.ft in 2012, marking a 50% rise. However, in 2017, the value decreased to Rs 1,005 per sq.ft, representing a decline of 33%. The latest revision in 2024 set the guideline value at Rs 1,650 per sq.ft, which is an increase of 64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 65%.

There are no figures available for the years 2023, 2003, and 2002 for this street. The revisions have shown significant fluctuations, particularly between 2017 and 2024, with a notable increase in the current value.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which matches the current guideline value for Sai Balaji Nagar.

• Sai Balaji Nagar Extn.: Rs 1,320 per sq.ft (2024)
• Sai Balaji Nagar Main Road: Rs 1,320 per sq.ft (2024)
• Sai Ganesh Nagar: Rs 2,200 per sq.ft (2024)
• Saibaba Colony: Rs 1,110 per sq.ft (2024)
• Sabari Nagar/ Shanthi Nagar: Rs 2,750 per sq.ft (2024)
• Sabari Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Balaji Nagar (All Parts )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sai Balaji Nagar (All Parts )?

The Sub Registrar Office that covers Sai Balaji Nagar (All Parts) is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps to establish a fair transaction price. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sai Balaji Nagar?

The current guideline value of Sai Balaji Nagar (All Parts) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,001 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 65% over the years.

What is the land classification for Sai Balaji Nagar?

The land classification for Sai Balaji Nagar is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Sai Balaji Nagar?

The Sub Registrar Office for Sai Balaji Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Sai Balaji Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,15,500.