Guideline Value for SRI BALAJI NAGAR PHASE III

Sri Balaji Nagar Phase III guideline value

The current guideline value for Sri Balaji Nagar Phase III is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Agaram village and falls under the Thiruporur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sri Balaji Nagar Phase III has changed

The guideline value for Sri Balaji Nagar Phase III has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This remained unchanged in the 2017 revision, where it was still Rs 300 per sq.ft. However, there was a significant increase of 49% from Rs 201 per sq.ft in the 2017 revision to Rs 300 per sq.ft in the 2023 revision. The current 2024 revision also maintains the value at Rs 300 per sq.ft, reflecting a 0% change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Agaram

In Agaram village, six streets under the Thiruporur SRO have a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. Sri Balaji Nagar Phase III's 2024 figure is above this median.

• Sri Balaji Nagar Phase II: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Vasantham Garden: Rs 300 per sq.ft (2024)
• Lake Town Avenue Extention: Rs 300 per sq.ft (2024)
• Annamalaiar Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Nagar Phase III

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee, charged at 2%, amounts to Rs 6,000. Together, the total fees would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sri Balaji Nagar Phase III?

The Sub Registrar Office that covers Sri Balaji Nagar Phase III is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Agaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar Phase III?

The current guideline value of Sri Balaji Nagar Phase III is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification for Sri Balaji Nagar Phase III?

Sri Balaji Nagar Phase III is classified as Residential Special Type - I.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a total fee of Rs 27,000, including stamp duty and registration fees.