Guideline Value for SRI BALAMURUGAN NAGAR

Sri Balamurugan Nagar guideline value

The current guideline value of Sri Balamurugan Nagar is Rs 700 per sq.ft, as per the 2023 revision. This area falls under Nathamedu village and is registered with the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Sri Balamurugan Nagar has changed

In the 2023 revision, the guideline value for Sri Balamurugan Nagar was set at Rs 700 per sq.ft. The register has no figures for the years 2024, 2017, 2012, 2007, 2003, and 2002, indicating that there have been no recorded changes in the guideline value for this street during those years.

Since there are no figures available for the previous revisions, it can be confirmed that the only current guideline value is from the 2023 revision. Therefore, there have been no changes in the guideline value per sq.ft for Sri Balamurugan Nagar.

Guideline values in Nathamedu

Currently, there are no specific village figures available for Nathamedu. Sri Balamurugan Nagar is the only street mentioned under the Tiruvallur Joint 1 SRO in this context.

Stamp duty and registration fee for property in Sri Balamurugan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further 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 Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nathamedu. It serves as a reference point for determining the stamp duty and registration fees that must be paid to the government.

When a property is sold, the final sale price or the guideline value, whichever is higher, is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Balamurugan Nagar?

The current guideline value of Sri Balamurugan Nagar is Rs 700 per sq.ft, based on the 2023 revision.

Have there been any changes in the guideline value for Sri Balamurugan Nagar?

There have been no changes in the guideline value for Sri Balamurugan Nagar since the 2023 revision, as the register has no figures for the years 2024, 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Balamurugan Nagar?

Sri Balamurugan Nagar is classified as Residential Class I Type - I. This classification indicates the type of development and usage permitted in the area.

How is stamp duty calculated for property in Sri Balamurugan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.

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

The Sub Registrar Office for Sri Balamurugan Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.