Guideline Value for SRI BALAMBIGAI NAGAR-(S.NO 210/2)

Sri Balambigai Nagar-(S.No 210/2) guideline value

The current guideline value of Sri Balambigai Nagar-(S.No 210/2) is Rs 300 per sq.ft. This property is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO with a land classification of Residential Class III Type - II.

How the guideline value of Sri Balambigai Nagar-(S.No 210/2) has changed

Over the years, the guideline value for Sri Balambigai Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 300 per sq.ft again. It is important to note that the register has no figure for this street in the 2002, 2003, 2007, and 2024 revisions.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, the guideline value from 2012 to 2023 has remained the same at Rs 300 per sq.ft.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. The guideline value for Sri Balambigai Nagar-(S.No 210/2) is Rs 300 per sq.ft. There are no other streets in Thozhuvur under the Tiruvallur Joint 1 SRO as per the provided data.

Stamp duty and registration fee for property in Sri Balambigai Nagar-(S.No 210/2)

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, which totals Rs 21,000, and the registration fee at 2% amounts to Rs 6,000. Together, the total cost for stamp duty and registration fee would be Rs 27,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balambigai Nagar-(S.No 210/2)?

The Sri Balambigai Nagar-(S.No 210/2) falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Thozhuvur. When a property is bought or sold, the guideline value is the basis for calculating the stamp duty and registration fees. This ensures that the transaction is recorded accurately and complies with local regulations.

It is important for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs associated with the property transaction. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Balambigai Nagar?

The current guideline value of Sri Balambigai Nagar-(S.No 210/2) is Rs 300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then back to Rs 300 per sq.ft in 2023. The register has no figures for the years 2002, 2003, 2007, and 2024.

What are the stamp duty and registration fees for properties in Sri Balambigai Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Sri Balambigai Nagar?

The registration for Sri Balambigai Nagar-(S.No 210/2) is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Sri Balambigai Nagar?

The land classification for Sri Balambigai Nagar-(S.No 210/2) is Residential Class III Type - II, indicating its suitability for residential purposes.