Guideline Value for SRI SAI BALAJI NAGAR

Sri Sai Balaji Nagar guideline value

The current guideline value of Sri Sai Balaji Nagar is Rs 100 per sq.ft, as per the 2023 revision. This area falls under Thamaraipakkam village and is classified as Residential Class III Type - II. The relevant Sub Registrar Office for this locality is the Tiruvallur Joint 1 SRO.

How the guideline value of Sri Sai Balaji Nagar has changed

In the 2012 revision, the guideline value was Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, reflecting a drop of 33%. However, from 2017 to the 2023 revision, the guideline value increased by 49%, bringing it back up to Rs 100 per sq.ft.

Overall, comparing the 2012 and 2023 revisions, the guideline value has not changed, remaining at Rs 100 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thamaraipakkam

Currently, there are no specific guideline values provided for other streets in Thamaraipakkam under the Tiruvallur Joint 1 SRO. Therefore, the guideline value of Sri Sai Balaji Nagar stands alone in this context.

Stamp duty and registration fee for property in Sri Sai Balaji Nagar

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sai Balaji Nagar?

The Sub Registrar Office that covers Sri Sai Balaji 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 Thamaraipakkam

The guideline value is a critical factor in the registration process when buying or selling property in Thamaraipakkam. It serves as a benchmark for calculating the stamp duty and registration fees that are payable during the transaction.

When a property is registered, the higher of the guideline value or the sale price is used to determine the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Sri Sai Balaji Nagar?

The current guideline value of Sri Sai Balaji Nagar is Rs 100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to 2017, the guideline value decreased from Rs 100 per sq.ft to Rs 67 per sq.ft. However, it increased back to Rs 100 per sq.ft in the 2023 revision.

What is the land classification of Sri Sai Balaji Nagar?

Sri Sai Balaji Nagar is classified as Residential Class III Type - II. This classification indicates the type of development permissible in the area.

What are the stamp duty and registration fees for a property in Sri Sai Balaji Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Sai Balaji Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. This office handles all registrations for the area.