Guideline Value for SRI BALAMURUGAN NAGAR

Sri Balamurugan Nagar guideline value

The current guideline value of Sri Balamurugan Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Uthukadu-B village, under the Walajabad SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Balamurugan Nagar has changed

The guideline value for Sri Balamurugan Nagar has remained consistent at Rs 350 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

From the 2023 revision to the 2024 revision, there has been no change in the guideline value, maintaining a rate of Rs 350 per sq.ft. This stability indicates that the value has not fluctuated over the past year.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Sri Balamurugan Nagar is below this median.

• Sri Balaji Avenue: Rs 771 per sq.ft (2024)
• Sri Aksaya Garden: Rs 400 per sq.ft (2024)
• Spring Fields: Rs 300 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balamurugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. Duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balamurugan Nagar?

The Sub Registrar Office that covers Sri Balamurugan Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value plays a crucial role during property transactions in Uthukadu-B. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is considered alongside the sale price to ensure that the appropriate fees are calculated. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Balamurugan Nagar?

The current guideline value of Sri Balamurugan Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Balamurugan Nagar has remained the same at Rs 350 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Balamurugan Nagar?

Sri Balamurugan Nagar is classified as Residential Class I Type - I. This classification is important for determining the applicable guidelines and regulations for property in the area.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Walajabad Sub Registrar Office covers Sri Balamurugan Nagar and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information online.