Guideline Value for SRI BALAJI NAGAR EXTENSION

Sri Balaji Nagar Extension guideline value

The current guideline value of Sri Balaji Nagar Extension is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Sri Balaji Nagar Extension has changed

The guideline value for Sri Balaji Nagar Extension has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, which represents a 10% increase from the 2023 figure of Rs 600 per sq.ft. Prior to the 2023 revision, there were no figures recorded for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values for Sri Balaji Nagar Extension have progressed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. The absence of recorded figures for the earlier revisions indicates that the current value reflects significant changes in the area's property assessment.

Guideline values in Ninna Karai

Ninna Karai village features a range of guideline values across its 449 streets under the Chengleput Joint II SRO, with values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Sri Balaji Nagar Extension's 2024 figure below this median.

• Sri Balaji Nagar(West) Kattankolathur (Ward -18): Rs 990 per sq.ft (2024)
• Sri Bavani Nagar Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 660 per sq.ft (2024)
• Sri Chandra Surya Gardens (Ward -15): Rs 990 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 per sq.ft (2024)
• Sree Siva Sakthi Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost to Rs 59,400. It is important to note that 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 details.

Which Sub Registrar Office covers Sri Balaji Nagar Extension?

The Sub Registrar Office that covers Sri Balaji Nagar Extension is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Ninna Karai. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Additionally, the guideline value serves as a benchmark for determining the fair value of properties in the area. It helps both buyers and sellers understand the expected price range for properties, facilitating smoother negotiations during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar Extension?

The current guideline value of Sri Balaji Nagar Extension is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 10% rise.

Are there any previous revisions for Sri Balaji Nagar Extension?

Yes, the register has no figures for Sri Balaji Nagar Extension in the revisions of 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, which is higher than the current value of Sri Balaji Nagar Extension.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the link provided.