Guideline Value for SRI BALAJI NAGAR

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar, located in Agaram village under the Thiruporur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Balaji Nagar has changed

The guideline value for Sri Balaji Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. The 2023 revision brought the value back to Rs 200 per sq.ft, and this figure has been maintained into the 2024 revision, showing no change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, from the 2012 revision to the 2017 revision, there was a decrease of 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value remains unchanged at Rs 200 per sq.ft.

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's guideline value is below this median.

• Sri Balaji Nagar Phase II: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar Phase III: Rs 300 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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Nagar?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agaram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions based on established values.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 200 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 the most recent revisions showing no change from 2023 to 2024, maintaining a value of Rs 200 per sq.ft. The value increased by 49% from 2017 to 2023 but had decreased by 33% from 2012 to 2017.

What is the classification of land in Sri Balaji Nagar?

Sri Balaji Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Which office handles property registrations for Sri Balaji Nagar?

The Thiruporur Sub Registrar Office handles property registrations for Sri Balaji Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu.