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Guideline Value

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Guideline Value for SRI BALAJI NAGAR @ MIRUDHULA HOMES

₹1980/sq.ft.

The guideline value for Sri Balaji Nagar @ Mirudhula Homes in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Balaji Nagar @ Mirudhula Homes

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Sri Balaji Nagar @ Mirudhula Homes guideline value

The current guideline value for Sri Balaji Nagar @ Mirudhula Homes is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Balaji Nagar @ Mirudhula Homes has changed

The guideline value for Sri Balaji Nagar has seen several revisions over the years. In 2017, the value was Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The significant increase from 2017 to 2023 was 49%, highlighting the changes in property values over this period.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Sri Balaji Nagar @ Mirudhula Homes is above this median.

Stamp duty and registration fee for property in Sri Balaji Nagar @ Mirudhula Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Balaji Nagar @ Mirudhula Homes?

The Sub Registrar Office that covers Sri Balaji Nagar @ Mirudhula Homes is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Varadarajapuram. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the fees reflect the current market conditions.

Buyers and sellers must be aware that the guideline value is often a determining factor in the sale price of properties. It is essential to check the latest guideline values to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value for Sri Balaji Nagar @ Mirudhula Homes?

The current guideline value for Sri Balaji Nagar @ Mirudhula Homes is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 64%, rising from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft.

What is the registration office for Sri Balaji Nagar @ Mirudhula Homes?

The registration office for Sri Balaji Nagar @ Mirudhula Homes is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees for a property in Sri Balaji Nagar?

For a property valued at Rs 19,80,000, the stamp duty at 7% is Rs 1,38,600, and the registration fee at 2% is Rs 39,600, totaling Rs 1,78,200.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees reflect the current market conditions and are based on the higher of the guideline value or the sale price.