Guideline Value for SRI SAI BALAJINAGAR

Sri Sai Balajinagar guideline value

The current guideline value of Sri Sai Balajinagar, located in Senchiyakaram village under the Oothukkottai SRO, is Rs 100 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Class V Type - III.

How the guideline value of Sri Sai Balajinagar has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision maintains this value at Rs 100 per sq.ft, showing no change from the previous year.

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

Guideline values in Senchiyakaram

In Senchiyakaram village, there are four streets under the Oothukkottai SRO that carry a 2024 guideline value of Rs 100 per sq.ft. The median guideline value for these streets is also Rs 100 per sq.ft, placing Sri Sai Balajinagar at the same level as the median.

• Bismilla Nagar: Rs 100 per sq.ft (2024)
• Babavin Sri Venkaiah Garden: Rs 100 per sq.ft (2024)
• Babavin Sri Perumal Garden: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Balajinagar

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

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

Which Sub Registrar Office covers Sri Sai Balajinagar?

The Sub Registrar Office that covers Sri Sai Balajinagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Senchiyakaram. It is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. 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 Sai Balajinagar?

The current guideline value of Sri Sai Balajinagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 67 per sq.ft to Rs 100 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase overall.

What are the other streets in Senchiyakaram with the same guideline value?

Other streets in Senchiyakaram that have a 2024 guideline value of Rs 100 per sq.ft include Bismilla Nagar, Babavin Sri Venkaiah Garden, and Babavin Sri Perumal Garden.

What are the fees associated with buying property in Sri Sai Balajinagar?

For a 1,000 sq.ft plot at the current guideline value, the total fees would include a stamp duty of Rs 7,000 and a registration fee of Rs 2,000, totaling Rs 9,000.

Which office handles property registration for Sri Sai Balajinagar?

The Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, handles property registration for Sri Sai Balajinagar.