Guideline Value

Corporate

Guideline Value for SRI BALAJI NAGAR

₹330/sq.ft.

The guideline value for Sri Balaji Nagar in Pandeswaram village (Avadi SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pandeswaram

Village

Avadi

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Balaji Nagar

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Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar in Pandeswaram village is Rs 330 per sq.ft, effective from the 2024 revision. The property falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

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 register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 300 per sq.ft, and with the latest 2024 revision, it has increased to Rs 330 per sq.ft, marking a change of +10%.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register for the years mentioned. The current figure of Rs 330 per sq.ft is the most recent and reflects the latest adjustments made by the authorities.

Guideline values in Pandeswaram

In Pandeswaram, there are seven streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 165 to Rs 1,150 per sq.ft. The median value for these streets is Rs 165 per sq.ft, indicating that Sri Balaji Nagar's value is above this median.

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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, together totaling Rs 29,700. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Nagar?

Sri Balaji Nagar is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Pandeswaram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps in assessing the costs involved in the transaction. It is essential for both buyers and sellers to be aware of these figures to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 330 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Sri Balaji Nagar has changed from Rs 300 per sq.ft in 2023 to Rs 330 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Pandeswaram and their guideline values?

Other streets in Pandeswaram include Sri Bhavani Amman Nagar, Sri Mahalakshmi Nagar, Srinivasa Nagar, Sri Sudharsan Nagar, Gurumahan Nagar, and Birla Nagar, with values ranging from Rs 165 to Rs 1,150 per sq.ft in 2024.

How is stamp duty calculated for properties in Sri Balaji Nagar?

Stamp duty for properties in Sri Balaji Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 23,100.

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

The Avadi Sub Registrar Office covers Sri Balaji Nagar and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.