Guideline Value for SRI BALAJI NAGAR EXTENSION

Sri Balaji Nagar Extension guideline value

The current guideline value of Sri Balaji Nagar Extension in Nathapettai village is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Balaji Nagar Extension has changed

The guideline value for Sri Balaji Nagar Extension has remained consistent in recent revisions. The register shows no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 800 per sq.ft, which is the same as the 2024 revision, indicating no change between these two years.

In summary, the guideline value has been Rs 800 per sq.ft for both the 2023 and 2024 revisions, reflecting stability in the valuation for this street within the Kanchipuram Joint IV SRO.

Guideline values in Nathapettai

Nathapettai has three streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value of Rs 800 per sq.ft. This places Sri Balaji Nagar Extension at the median value for the area.

• Kanchi Pallava Town Phase -I: Rs 800 per sq.ft (2024)
• ஸ்ரீ வரதராஜ பெருமாள் நகர்: Rs 800 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 guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty, charged at 7%, would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Nagar Extension?

The Sri Balaji Nagar Extension is covered by the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

For more details, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Nathapettai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling a property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

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

The current guideline value for Sri Balaji Nagar Extension is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Balaji Nagar Extension has remained at Rs 800 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Nathapettai with the same guideline value?

Other streets in Nathapettai under the Kanchipuram Joint IV SRO also have a guideline value of Rs 800 per sq.ft for 2024, including Kanchi Pallava Town Phase -I and ஸ்ரீ வரதராஜ பெருமாள் நகர்.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, on a property valued at Rs 8,00,000, the total fees would amount to Rs 72,000.

Where can I find the Sub Registrar Office for Sri Balaji Nagar Extension?

The Kanchipuram Joint IV Sub Registrar Office covers Sri Balaji Nagar Extension and is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.