Guideline Value for SRI BALAJI NAGAR

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar, located in Ponthavakkam village under the Oothukkottai SRO, is Rs 150 per sq.ft. This value is effective from the 2024 revision, which is classified as Residential Class I Type - I.

How the guideline value of Sri Balaji Nagar has changed

In the 2017 revision, the guideline value for Sri Balaji Nagar was Rs 100 per sq.ft. This represents a significant increase of 50% to the current guideline value of Rs 150 per sq.ft, effective from 1 July 2024. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions that provide a figure for Sri Balaji Nagar are from 2017 and 2024. The increase from Rs 100 to Rs 150 indicates a notable change in the guideline value for this area.

Guideline values in Ponthavakkam

In Ponthavakkam, there are six streets under the Oothukkottai SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 600 per sq.ft. The median value among these streets is Rs 150 per sq.ft, which is equal to the guideline value of Sri Balaji Nagar.

• Sri Ambika Nagar: Rs 150 per sq.ft (2024)
• Sri Vari Avune: Rs 600 per sq.ft (2024)
• Maharishikudilam: Rs 150 per sq.ft (2024)
• Kalaimagal Nagar: Rs 150 per sq.ft (2024)
• Jaisakthi Avenue: Rs 100 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Balaji Nagar?

Sri Balaji Nagar falls under the jurisdiction of the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ponthavakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When purchasing property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions.

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 increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2024, marking a 50% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sri Balaji Nagar?

Sri Balaji Nagar is classified as Residential Class I Type - I. This classification is important for understanding the permissible uses of the land.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. 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 Oothukkottai Sub Registrar Office, which covers Sri Balaji Nagar, is located near the government hospital in Uthukottai, 602026, Chennai registration zone.