Guideline Value for SRI BALAJI NAGAR

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Ammannmpakkam village under the Arani_Tiruvallur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Balaji Nagar has changed

Since the 2017 revision, the guideline value for Sri Balaji Nagar has increased by 50%, moving from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2024. The 2023 revision also recorded a guideline value of Rs 350 per sq.ft, indicating no change from the 2024 figure.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. The increase from 2017 to 2023 was 50%, resulting in the current guideline value reflecting a consistent upward adjustment over the years.

Guideline values in Ammannmpakkam

In Ammannmpakkam, there are 10 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 325 per sq.ft. The guideline value for Sri Balaji Nagar is above this median.

• Sri Govindan Nagar: Rs 300 per sq.ft (2024)
• S.K. Leelavathy Nagar Annex: Rs 300 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 300 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 200 per sq.ft (2024)
• Sri Thulasi Nagar: Rs 400 per sq.ft (2024)
• Lakshmi Nagar: Rs 350 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 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees together to Rs 31,500. 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 Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Ammannmpakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties, helping to establish a fair transaction price. This value is essential for legal documentation and property transfers within the region.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased by 50% from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2024. There was no change from 2023 to 2024, as both years recorded a value of Rs 350 per sq.ft.

What is the land classification for Sri Balaji Nagar?

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

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

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Balaji Nagar located?

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.