Guideline Value for SAI BALAJI NAGAR

Sai Balaji Nagar guideline value

The current guideline value of Sai Balaji Nagar, located in Kaspapuram village under the Tambaram Joint 1 SRO, is Rs 1,100 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - IV.

How the guideline value of Sai Balaji Nagar has changed

The guideline value for Sai Balaji Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 670 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023 and an overall increase of 64% from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions with available figures are from 2017, 2023, and 2024.

Guideline values in Kaspapuram

Kaspapuram village has a total of 76 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 440 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Sai Balaji Nagar.

• Sairak Nagar: Rs 1,100 per sq.ft (2024)
• Sakunthala First Cross Street: Rs 550 per sq.ft (2024)
• Sakunthala Second Cross Street: Rs 550 per sq.ft (2024)
• Sakunthala Third Cross Street: Rs 550 per sq.ft (2024)
• Rajiv Gandhi Nagar Main Road: Rs 550 per sq.ft (2024)
• Shibin City: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost together to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sai Balaji Nagar?

The Sub Registrar Office that covers Sai Balaji Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kaspapuram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the appropriate taxes are collected. This means that both buyers and sellers should be aware of the 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 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 64% over this period.

What is the land classification for Sai Balaji Nagar?

Sai Balaji Nagar is classified under the land category of Residential Special Type - IV.

What are the stamp duty and registration fees for property in Sai Balaji Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total costs would amount to Rs 99,000.

Which Sub Registrar Office should I contact for Sai Balaji Nagar?

The Tambaram Joint 1 Sub Registrar Office covers Sai Balaji Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.