Guideline Value for SRI BALAJI NAGAR

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kattur village and falls under the Ponneri SRO. The land classification is Residential Class II Type - I.

How the guideline value of Sri Balaji Nagar has changed

Looking at the revisions, the guideline value for Sri Balaji Nagar was Rs 67 per sq.ft in 2017. From 2017 to 2023, the value increased by 49%, reaching Rs 100 per sq.ft in 2023. The 2024 revision also maintains the value at Rs 100 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the only figures to consider are from 2017, 2023, and 2024, showing a 49% increase overall from 2017 to 2024.

Guideline values in Kattur

In Kattur, there are 11 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Sri Balaji Nagar's 2024 guideline value is equal to this median.

• Sri Balaji Avenue Phase II: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue: Rs 100 per sq.ft (2024)
• Sri Ayyanar Colony: Rs 100 per sq.ft (2024)
• Sri Vari Avenue: Rs 100 per sq.ft (2024)
• Santhosam Nagar: Rs 100 per sq.ft (2024)
• Om Enterprises: 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 rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Balaji Nagar?

Sri Balaji Nagar is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of properties in Kattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When you register a property, the guideline value is used to ensure that the transaction reflects a fair value for taxation purposes. This helps maintain transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the other streets in Kattur with similar guideline values?

Other streets in Kattur also have a guideline value of Rs 100 per sq.ft for 2024, including Sri Balaji Avenue Phase II, Sri Balaji Avenue, Sri Ayyanar Colony, Sri Vari Avenue, Santhosam Nagar, and Om Enterprises.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 1,00,000 would incur a stamp duty of Rs 7,000 at 7%.

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

The Sub Registrar Office for Sri Balaji Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more details through the provided link.