Guideline Value for SRI BALAJI GARDEN

Sri Balaji Garden guideline value

The current guideline value of Sri Balaji Garden, located in Kovilpathagai village under the Ambattur SRO, is Rs 804 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Sri Balaji Garden has changed

The guideline value for Sri Balaji Garden has remained consistent over the years. The register shows that the 2017 revision set the guideline value at Rs 804 per sq.ft, which was maintained in the 2023 revision. The most recent 2024 revision also confirms this value at Rs 804 per sq.ft, indicating no change in the guideline value from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value has not changed over the years from 2017 to 2024, with a total increase of 0% across this period.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, which means that the guideline value for Sri Balaji Garden is below this median.

• Sri Balaji Co-operative Nagar: Rs 806 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 880 per sq.ft (2024)
• Sri Krishna Avenue: Rs 880 per sq.ft (2024)
• S.M. Nagar: Rs 880 per sq.ft (2024)
• S.K. Nagar: Rs 806 per sq.ft (2024)
• Sivankoil Street: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value would be Rs 8,04,000. The stamp duty at 7% would amount to Rs 56,280, and the registration fee at 2% would be Rs 16,080, making the total fees together Rs 72,360. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Garden?

The Sub Registrar Office that covers Sri Balaji Garden is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of property transactions in Kovilpathagai. It serves as the basis for calculating the stamp duty and registration fees that are payable when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When a buyer or seller engages in a property transaction, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This means that even if the sale price is lower than the guideline value, the stamp duty will be based on the guideline value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Balaji Garden?

The current guideline value of Sri Balaji Garden is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Balaji Garden has remained stable at Rs 804 per sq.ft from 2017 to 2024, with no changes recorded in the revisions for the years 2023 and 2024.

What is the land classification for Sri Balaji Garden?

The land classification for Sri Balaji Garden is Mixed Type - II, which indicates the type of development permissible in this area.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 8,04,000, the stamp duty would be Rs 56,280 and the registration fee would be Rs 16,080, totaling Rs 72,360. These fees are based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Balaji Garden located?

The Sub Registrar Office for Sri Balaji Garden is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.