Guideline Value for SREE BALAJI NAGAR

Sree Balaji Nagar guideline value

The current guideline value of Sree Balaji Nagar, located in Ponthoor village under the Sriperumpudur SRO, is Rs 1,195 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Sree Balaji Nagar has changed

The guideline value for Sree Balaji Nagar has remained consistent in recent years. The 2023 revision also recorded the guideline value at Rs 1,195 per sq.ft. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

From 2023 to 2024, there was no change in the guideline value, reflecting a stable pricing structure at Rs 1,195 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,239 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Sree Balaji Nagar is above this median, indicating a relatively higher valuation for this street.

• Sps Nagar: Rs 600 per sq.ft (2024)
• Sivayogam Nagar: Rs 300 per sq.ft (2024)
• Sri krishna Nagar: Rs 500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Shanthi Avenue: Rs 448 per sq.ft (2024)
• Sevvanthipoo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,195 per sq.ft, the total guideline value amounts to Rs 11,95,000. The stamp duty at 7% would be Rs 83,650, and the registration fee at 2% would be Rs 23,900, bringing the total to Rs 1,07,550. It is important 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 information.

Which Sub Registrar Office covers Sree Balaji Nagar?

The Sub Registrar Office that covers Sree Balaji Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process for property transactions in Ponthoor. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When buying or selling property, the guideline value helps in determining the official value of the property for legal and taxation purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sree Balaji Nagar?

The current guideline value of Sree Balaji Nagar is Rs 1,195 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,195 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Sree Balaji Nagar?

Sree Balaji Nagar is classified as Residential Special Type - II, indicating its intended use for residential purposes.

What are the guideline values of other streets in Ponthoor?

Other streets in Ponthoor have varying guideline values, with rates ranging from Rs 200 to Rs 2,239 per sq.ft. For example, Sps Nagar is valued at Rs 600 per sq.ft, while Sivayogam Nagar is at Rs 300 per sq.ft.

Where is the Sub Registrar Office for Sree Balaji Nagar located?

The Sub Registrar Office for Sree Balaji Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles the registration of properties in the area.