Guideline Value for SRI BALAJI NAGAR

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar is Rs 1,206 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur B village and falls under the Sriperumpudur SRO. The land classification is Residential Class III Type - II.

How the guideline value of Sri Balaji Nagar has changed

The guideline value for Sri Balaji Nagar has remained consistent at Rs 1,206 per sq.ft for both the 2023 and 2024 revisions. Prior to these revisions, the register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

This indicates that there were no recorded changes in the guideline value for Sri Balaji Nagar for several years, with the most recent updates showing no increase or decrease between 2023 and 2024, reflecting a stable valuation at Rs 1,206 per sq.ft.

Guideline values in Sriperumbudur B

In Sriperumbudur B, there are 114 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 3,000 per sq.ft, with a median value of Rs 902 per sq.ft. Sri Balaji Nagar's 2024 figure is above this median.

• Prithvi Nagar: Rs 1,005 per sq.ft (2024)
• Krishna Nagar: Rs 1,206 per sq.ft (2024)
• Kasthuri Nagar: Rs 804 per sq.ft (2024)
• Doctors Vijayam Township Extension: Rs 1,800 per sq.ft (2024)
• Baba Nagar: Rs 2,000 per sq.ft (2024)
• Adhilakshmi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,206 per sq.ft, the guideline value would be Rs 12,06,000. The stamp duty at 7% would amount to Rs 84,420, and the registration fee at 2% would be Rs 24,120, bringing the total to Rs 1,08,540. It is important to note that 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 precise calculations based on your property transaction.

Which Sub Registrar Office covers Sri Balaji Nagar?

The Sub Registrar Office that covers Sri Balaji Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sriperumbudur B. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property, ensuring that both parties are aware of the costs involved.

When registering a property, the guideline value serves as a benchmark for the transaction, and the fees are calculated based on this value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 1,206 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Balaji Nagar has remained at Rs 1,206 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Sriperumbudur B?

Other streets in Sriperumbudur B have varying guideline values, ranging from Rs 700 to Rs 3,000 per sq.ft, with a median of Rs 902 per sq.ft. Sri Balaji Nagar's value is above this median.

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

For a property valued at Rs 12,06,000, the stamp duty would be Rs 84,420 and the registration fee would be Rs 24,120, totaling Rs 1,08,540. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Sri Balaji Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.