Guideline Value

Corporate

Guideline Value for SRI BALASUBRAMANIAM NAGAR

₹800/sq.ft.

The guideline value for Sri Balasubramaniam Nagar in Thachoor_2 village (Ponneri SRO, Chennai zone) is Rs 800 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 300% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thachoor_2

Village

Ponneri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹800 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Sri Balasubramaniam Nagar guideline value

The current guideline value for Sri Balasubramaniam Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This locality is situated in Thachoor_2 village under the Ponneri SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Balasubramaniam Nagar has changed

In the 2023 revision, the guideline value was Rs 200 per sq.ft. This marked a significant increase to Rs 800 per sq.ft in the 2024 revision, reflecting a change of +300%. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures in the register for the years mentioned. The increase from Rs 200 to Rs 800 indicates a substantial rise in the guideline value for Sri Balasubramaniam Nagar.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Sri Balasubramaniam Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Sri Balasubramaniam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 Balasubramaniam Nagar?

Sri Balasubramaniam Nagar falls under 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 Thachoor_2

The guideline value is crucial during property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate taxes based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Sri Balasubramaniam Nagar?

The current guideline value of Sri Balasubramaniam Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 800 per sq.ft in 2024, marking a change of +300%.

What is the classification of land in Sri Balasubramaniam Nagar?

Sri Balasubramaniam Nagar is classified as Residential Class I Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000.