Guideline Value for SAI BALAJI NAGAR EXTN.

Sai Balaji Nagar Extn. guideline value

The current guideline value of Sai Balaji Nagar Extn. is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village under the Chennai South Joint I SRO, classified as Residential Class IV Type - II.

How the guideline value of Sai Balaji Nagar Extn. has changed

The guideline value has undergone several revisions since 2002. In 2002, the value was Rs 92 per sq.ft, which increased to Rs 109 per sq.ft in 2003, marking an 18% rise. By 2007, the value jumped significantly to Rs 400 per sq.ft, reflecting a 267% increase. The 2012 revision saw another substantial increase to Rs 1,200 per sq.ft, a 200% rise from 2007. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, which is a 10% increase from the 2012 figure.

The register has no figures for the years 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,335%.

Guideline values in Pallikaranai

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

• Sai Balaji Nagar (All Parts): Rs 1,650 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 Extn.

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sai Balaji Nagar Extn.?

The Sub Registrar Office covering Sai Balaji Nagar Extn. 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. It determines the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Sai Balaji Nagar Extn.?

The current guideline value of Sai Balaji Nagar Extn. is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly from Rs 92 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of 1,335%.

What is the registration office for Sai Balaji Nagar Extn.?

The registration office for Sai Balaji Nagar Extn. 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.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 92,400.

Are there other streets in Pallikaranai with different guideline values?

Yes, there are several other streets in Pallikaranai with varying guideline values. For example, Sai Ganesh Nagar has a guideline value of Rs 2,200 per sq.ft, while Saibaba Colony has a value of Rs 1,110 per sq.ft.