Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SRI BALAJI NAGAR PART-IV

₹1100/sq.ft.

The guideline value for Sri Balaji Nagar Part-iv in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 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

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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-iv

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Balaji Nagar Part-IV guideline value

The current guideline value for Sri Balaji Nagar Part-IV is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village and falls under the Redhills SRO, classified as Residential Class II Type - I.

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

In the 2012 revision, the guideline value was Rs 800 per sq.ft. This value decreased to Rs 536 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 87%, bringing the guideline value up to Rs 1,000 per sq.ft. The most recent 2024 revision has further increased the guideline value to Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 38% from Rs 800 per sq.ft in 2012 to Rs 1,100 per sq.ft in 2024.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, indicating that the guideline value for Sri Balaji Nagar Part-IV is below the median.

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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. 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 precise calculations based on your property details.

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

The Sub Registrar Office that covers Sri Balaji Nagar Part-IV is 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 details.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Puzhal. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and that the value of the property is adequately reflected in official records.

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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 38% over this period.

What are the stamp duty rates for properties in Sri Balaji Nagar Part-IV?

The stamp duty rate for properties in Sri Balaji Nagar Part-IV is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Balaji Nagar Part-IV?

The Sub Registrar Office for Sri Balaji Nagar Part-IV is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value in Puzhal?

The median guideline value for streets in Puzhal under the Redhills SRO is Rs 1,102 per sq.ft, which is slightly above the current value of Sri Balaji Nagar Part-IV at Rs 1,100 per sq.ft.