Guideline Value for SRI BALAMURUGAN MEGA GARDEN

Sri Balamurugan Mega Garden guideline value

The current guideline value of Sri Balamurugan Mega Garden is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Agaram village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Balamurugan Mega Garden has changed

The guideline value for Sri Balamurugan Mega Garden has seen several revisions over the years. The 2017 revision set the guideline value at Rs 67 per sq.ft. This figure was updated to Rs 100 per sq.ft in the 2023 revision, reflecting a significant increase of 49%. The current revision in 2024 maintains the guideline value at Rs 100 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Agaram

In Agaram village, there are three streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 150 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, which is the same as the current figure for Sri Balamurugan Mega Garden.

• Sri Anandha Nagar: Rs 150 per sq.ft (2024)
• Poonam Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balamurugan Mega Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, together totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Sri Balamurugan Mega Garden?

The Sub Registrar Office that covers Sri Balamurugan Mega Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Agaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps in determining the legal value of the property, which is essential for registration purposes. This ensures that all transactions are transparent and adhere to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Balamurugan Mega Garden?

The current guideline value of Sri Balamurugan Mega Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and it remains at Rs 100 per sq.ft in 2024, showing a 49% increase from 2017 to 2024.

What are the other streets in Agaram with guideline values?

In Agaram, the other streets with guideline values include Sri Anandha Nagar at Rs 150 per sq.ft and Poonam Nagar at Rs 100 per sq.ft for 2024.

What fees are associated with property transactions in Sri Balamurugan Mega Garden?

For a property in Sri Balamurugan Mega Garden, the stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,000.

Where can I find the Sub Registrar Office for Sri Balamurugan Mega Garden?

The Sub Registrar Office for Sri Balamurugan Mega Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.