Guideline Value for SRI BALAJI NAGAR PART IV

Sri Balaji Nagar Part IV guideline value

The current guideline value of Sri Balaji Nagar Part IV is Rs 2,700 per sq.ft. This area is located in Vengaivasal village and falls under the Selaiyur SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Sri Balaji Nagar Part IV has changed

The guideline value for Sri Balaji Nagar Part IV has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous 2017 revision of Rs 1,675 per sq.ft. The 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest 2024 revision has further raised it to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 8%. The revisions for the years 2002, 2003, and 2007 do not have figures recorded for this street in the register.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value for Sri Balaji Nagar Part IV.

• Sri Balaji Nagar Part 1 To V: Rs 2,700 per sq.ft (2024)
• Sri Balaji Nagar: Rs 2,700 per sq.ft (2024)
• Siva Pooshnam Nagar Third Street: Rs 3,700 per sq.ft (2024)
• Siva Pooshnam Nagar: Rs 3,700 per sq.ft (2024)
• Sri Perumal Nagar: Rs 1,650 per sq.ft (2024)
• Sri Raman Nagar: Rs 3,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Nagar Part IV

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total of Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Balaji Nagar Part IV?

The Sub Registrar Office that covers Sri Balaji Nagar Part IV is the Selaiyur Sub Registrar Office. The address is No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Vengaivasal. It serves as a benchmark for determining the minimum value of a property, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall cost of transactions. Buyers should be aware that the registration process will involve charges based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar Part IV?

The current guideline value of Sri Balaji Nagar Part IV is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. From 2012 to 2024, the overall change is an increase of 8%.

What is the land classification of Sri Balaji Nagar Part IV?

Sri Balaji Nagar Part IV is classified as Mixed Type - II, which indicates the type of land use permitted in the area.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Sri Balaji Nagar Part IV?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 2,43,000 in duties and fees.