Guideline Value for SRI BALA MURUGAN NAGAR

Sri Bala Murugan Nagar guideline value

The current guideline value of Sri Bala Murugan Nagar is Rs 300 per sq.ft, as per the 2023 revision. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class III Type - II.

How the guideline value of Sri Bala Murugan Nagar has changed

Looking at the historical revisions, the guideline value for Sri Bala Murugan Nagar was Rs 300 per sq.ft in 2012. This figure remained the same in the 2023 revision. However, in the 2017 revision, the guideline value dropped to Rs 201 per sq.ft, marking a decrease of 33%. The value then saw an increase of 49% from 2017 to 2023, bringing it back up to Rs 300 per sq.ft.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 300 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 guideline values available for other streets in Thozhuvur. Sri Bala Murugan Nagar stands with a guideline value of Rs 300 per sq.ft as per the latest revision.

Stamp duty and registration fee for property in Sri Bala Murugan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Bala Murugan Nagar?

The Sub Registrar Office that covers Sri Bala Murugan Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. For more information, you can find your SRO.

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 stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Bala Murugan Nagar?

The current guideline value of Sri Bala Murugan Nagar is Rs 300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, a decrease of 33%. It then increased to Rs 300 per sq.ft in 2023, marking a 49% increase from 2017.

What is the land classification for Sri Bala Murugan Nagar?

Sri Bala Murugan Nagar is classified as Residential Class III Type - II. This classification is important for understanding the types of properties that can be developed in the area.

What are the stamp duty rates in Sri Bala Murugan Nagar?

The stamp duty rate for property transactions in Sri Bala Murugan Nagar is 7%. This is applied to the higher of the guideline value or the sale price during registration.

Where is the Sub Registrar Office for Sri Bala Murugan Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. This office handles all registrations for properties in Sri Bala Murugan Nagar.