Guideline Value

Corporate

Guideline Value for SRI BALAJI NAGAR

₹100/sq.ft.

The guideline value for Sri Balaji Nagar in Sirupinayoor,thiruvanthavar,perungazhi village (Salavakkam SRO, Chengalpattu zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sirupinayoor,thiruvanthavar,perungazhi

Village

Salavakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /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)

2/1a, Thottakkara Street, Salavakkam, 603 107
044-27275222
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Balaji Nagar

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Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in the village of Sirupinayoor,Thiruvanthavar,Perungazhi and falls under the Salavakkam SRO. The land classification is Residential Class I Type - I.

How the guideline value of Sri Balaji Nagar has changed

Looking at the revisions, the guideline value for Sri Balaji Nagar was Rs 100 per sq.ft in 2012, which remained unchanged in the 2023 revision. The 2017 revision saw a decrease to Rs 67 per sq.ft, marking a -33% change from 2012. The most recent revision in 2024 brought the value back to Rs 100 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 100 per sq.ft, indicating no overall change despite fluctuations in earlier revisions. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In the village of Sirupinayoor,Thiruvanthavar,Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for Sri Balaji Nagar is below this median.

Stamp duty and registration fee for property in Sri Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees together to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Balaji Nagar?

The Sub Registrar Office that covers Sri Balaji Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value is a crucial factor in property transactions in Sirupinayoor,Thiruvanthavar,Perungazhi, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is transparent and that the government receives the appropriate taxes. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with Rs 100 per sq.ft in 2012, a decrease to Rs 67 per sq.ft in 2017, and then back to Rs 100 per sq.ft in 2024. There was a 49% increase from 2017 to 2023, while the overall change from 2012 to 2024 is 0%.

What are the stamp duty and registration fees for properties in Sri Balaji Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Balaji Nagar?

The Salavakkam Sub Registrar Office covers Sri Balaji Nagar, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties in the area. It plays a significant role in calculating stamp duties and registration fees during property transactions.