Guideline Value for SREE BALAJI GARDEN

Sree Balaji Garden guideline value

The current guideline value for Sree Balaji Garden is Rs 626 per sq.ft, effective from 1 July 2024. This property is located in Kakkalur village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Sree Balaji Garden has changed

Over the years, the guideline value for Sree Balaji Garden has seen several revisions. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in the 2017 revision. Following this, the 2023 revision brought it back to Rs 626 per sq.ft, and this value remained unchanged in the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, the guideline value from 2012 to 2024 has remained constant at Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with a 2024 guideline value range from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is the same as the current value for Sree Balaji Garden.

• Sree Lakshmi Nagar: Rs 626 per sq.ft (2024)
• Sree Maha Lakshmi Nagar: Rs 626 per sq.ft (2024)
• Sree Priya Nagar: Rs 626 per sq.ft (2024)
• Sree Sakthi Nagar: Rs 626 per sq.ft (2024)
• Sree Sastha Nagar: Rs 626 per sq.ft (2024)
• Sree Srinivasa Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Balaji Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value would be Rs 6,26,000. The stamp duty at 7% would amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. Please 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 details.

Which Sub Registrar Office covers Sree Balaji Garden?

The Sub Registrar Office that covers Sree Balaji Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Kakkalur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is crucial to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value for Sree Balaji Garden?

The current guideline value for Sree Balaji Garden is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sree Balaji Garden has remained at Rs 626 per sq.ft from 2023 to 2024. It increased from Rs 419 per sq.ft in 2017 to Rs 626 per sq.ft in 2023, after a decrease from Rs 625 per sq.ft in 2012.

What is the registration office for Sree Balaji Garden?

The registration office for Sree Balaji Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Kakkalur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 43,820.

What are the other streets in Kakkalur with the same guideline value?

Other streets in Kakkalur with the same guideline value of Rs 626 per sq.ft include Sree Lakshmi Nagar, Sree Maha Lakshmi Nagar, Sree Priya Nagar, Sree Sakthi Nagar, Sree Sastha Nagar, and Sree Srinivasa Nagar.