Guideline Value for SRI BALAJI NAGAR

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar, located in Paandoor village under the Thiruporur SRO, is Rs 1,000 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - IV.

How the guideline value of Sri Balaji Nagar has changed

According to the guideline value register, the revisions for Sri Balaji Nagar show that there has been no change in the guideline value from the 2023 revision to the 2024 revision, remaining at Rs 1,000 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

In the 2023 revision, the guideline value was also set at Rs 1,000 per sq.ft. This consistency indicates stability in the valuation for this street over the last two years.

Guideline values in Paandoor

In Paandoor village, there are 35 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 450 to Rs 3,300 per sq.ft, with a median value of Rs 1,493 per sq.ft. The guideline value of Sri Balaji Nagar is below this median.

• Senthamil Nagar: Rs 800 per sq.ft (2024)
• Sri Sumangali Nagar: Rs 1,200 per sq.ft (2024)
• Sankari Nagar: Rs 805 per sq.ft (2024)
• United Enclave: Rs 2,000 per sq.ft (2024)
• Velan Avenue: Rs 1,493 per sq.ft (2024)
• Venkateshwara Avenue Phase I & II: Rs 600 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

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 more information.

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

The guideline value plays a crucial role in property transactions in Paandoor. It is the benchmark used for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of this value as it directly impacts the overall costs involved in the transaction.

When a property is registered, the guideline value is used to determine the applicable fees. This ensures that the government receives the correct amount of revenue based on the property's assessed value, which is crucial for maintaining public services and infrastructure.

Frequently asked questions

What is the current guideline value for Sri Balaji Nagar?

The current guideline value for Sri Balaji Nagar is Rs 1,000 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Sri Balaji Nagar?

Sri Balaji Nagar is classified as Residential Class I Type - IV. This classification affects the guideline value and the type of development permitted in the area.

Where can I find the registration office for Sri Balaji Nagar?

The registration office for Sri Balaji Nagar is the Thiruporur Sub Registrar Office, 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 of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000, leading to specific fees as outlined above.