Guideline Value for SRI BALAJI NAGAR

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar, located in Thammanur village under the Walajabad SRO, is Rs 150 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

Over the years, the guideline value of Sri Balaji Nagar has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, where it was also Rs 150 per sq.ft. The 2017 revision marked a decrease to Rs 100 per sq.ft, reflecting a -33% change from the previous value. Notably, the revisions from 2002, 2003, and 2007 have no figures recorded for this street.

From 2017 to 2023, there was a significant increase of +50%, bringing the value back to Rs 150 per sq.ft. The most recent revision in 2024 has maintained this figure, showing a +0% change from the previous year. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 150 per sq.ft.

Guideline values in Thammanur

In Thammanur, there are 16 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 448 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Sri Balaji Nagar's 2024 figure below this median.

• Solar Nagar: Rs 300 per sq.ft (2024)
• Sri Sai City: Rs 200 per sq.ft (2024)
• Sri Sathya Nagar: Rs 300 per sq.ft (2024)
• Rishi Nagar: Rs 150 per sq.ft (2024)
• Vettri Nagar Pase-1: Rs 150 per sq.ft (2024)
• Walajabad Co -Operative Nagar: Rs 300 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 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, 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 Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thammanur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

When a property is sold, the guideline value helps to establish a fair price for taxation purposes. Buyers and sellers should be aware of this value to understand the financial implications of their transactions, including the costs associated with registration.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 150 per sq.ft in both 2023 and 2024. The value was Rs 100 per sq.ft in 2017, and there were no figures available for the revisions in 2002, 2003, and 2007.

What are the guideline values of other streets in Thammanur?

Other streets in Thammanur have varying guideline values ranging from Rs 150 to Rs 448 per sq.ft. For instance, Solar Nagar and Sri Sathya Nagar both have a guideline value of Rs 300 per sq.ft in 2024.

What fees are associated with property registration in Sri Balaji Nagar?

When registering property in Sri Balaji Nagar, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 1,50,000, the total fees would amount to Rs 13,500.

Which office handles property registrations in Sri Balaji Nagar?

The Walajabad Sub Registrar Office handles property registrations in Sri Balaji Nagar. It is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.