Guideline Value for SIRUVAPURI SRI BALASUBRAMANISWAMY NAGAR

Siruvapuri Sri Balasubramaniswamy Nagar guideline value

The current guideline value of Siruvapuri Sri Balasubramaniswamy Nagar is Rs 500 per sq.ft. This area falls under Thozhuvur village and is managed by the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of Siruvapuri Sri Balasubramaniswamy Nagar has changed

The guideline value for Siruvapuri Sri Balasubramaniswamy Nagar has seen several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft. However, in 2017, it decreased to Rs 335 per sq.ft, marking a decline of 33%. The most recent revision in 2023 increased the guideline value to Rs 500 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Siruvapuri Sri Balasubramaniswamy Nagar is one of the localities under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Siruvapuri Sri Balasubramaniswamy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, totaling Rs 35,000, and the registration fee is 2%, amounting to Rs 10,000. Together, the total cost for stamp duty and registration fees would be Rs 45,000. It is essential 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 precise calculations.

Which Sub Registrar Office covers Siruvapuri Sri Balasubramaniswamy Nagar?

The Siruvapuri Sri Balasubramaniswamy Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Thozhuvur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to understand that the guideline value may influence the sale price. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Siruvapuri Sri Balasubramaniswamy Nagar?

The current guideline value of Siruvapuri Sri Balasubramaniswamy Nagar is Rs 500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, and then back to Rs 500 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,00,000, the stamp duty is Rs 35,000 and the registration fee is Rs 10,000, totaling Rs 45,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for Siruvapuri Sri Balasubramaniswamy Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Siruvapuri Sri Balasubramaniswamy Nagar. It is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

Are there any other streets in Thozhuvur with guideline values?

No specific figures for other streets in Thozhuvur are available at this time. Siruvapuri Sri Balasubramaniswamy Nagar is currently the only locality mentioned under the Tiruvallur Joint 1 SRO.