Guideline Value

Corporate

Guideline Value for SRI BALAJI NAGAR PART-II

₹440/sq.ft.

The guideline value for Sri Balaji Nagar Part-ii in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Part-ii

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Sri Balaji Nagar Part-II guideline value

The current guideline value of Sri Balaji Nagar Part-II is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sothupakkam village, under the jurisdiction of the Redhills Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Sri Balaji Nagar Part-II has changed

Over the years, the guideline value of Sri Balaji Nagar Part-II has experienced several revisions. The 2012 revision set the guideline value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased to Rs 400 per sq.ft in the 2023 revision and further rose to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value saw a decrease of 33%. However, it then increased by 49% from 2017 to 2023. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Sothupakkam

In Sothupakkam, there are 49 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,150 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, which is equal to the current guideline value of Sri Balaji Nagar Part-II.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, resulting in a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Balaji Nagar Part-II?

Sri Balaji Nagar Part-II is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions within Sothupakkam. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers should be aware that this value influences the stamp duty and registration fees applicable to the transaction.

When purchasing or selling property, it is crucial to refer to the current guideline value to ensure compliance with legal requirements. The guideline value helps in establishing a fair assessment for the property being registered, ensuring transparency in the transaction process.

Frequently asked questions

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

The current guideline value of Sri Balaji Nagar Part-II is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Sri Balaji Nagar Part-II?

Sri Balaji Nagar Part-II is classified as Residential Class II Type - I.

Where can I find the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800.