Guideline Value for SRI SAKTHI BALAJI NAGAR

Sri Sakthi Balaji Nagar guideline value

The current guideline value of Sri Sakthi Balaji Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Kadaperi village under the Madurandakam SRO, with a land classification of Mixed Type - I.

How the guideline value of Sri Sakthi Balaji Nagar has changed

Over the years, the guideline value of Sri Sakthi Balaji Nagar has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and then to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision is an increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 24 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,100 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Sri Sakthi Balaji Nagar is above this median.

• Sri Sairam Nagar: Rs 550 per sq.ft (2024)
• Sri Saibaba Nagar: Rs 1,100 per sq.ft (2024)
• Sri Eri Ramsai Nagar: Rs 770 per sq.ft (2024)
• Sir Sairam Nagar: Rs 550 per sq.ft (2024)
• Vishnu Nagar: Rs 550 per sq.ft (2024)
• Kadapperi Vivekanandhan Street: Rs 550 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Sri Sakthi Balaji Nagar?

The Sub Registrar Office covering Sri Sakthi Balaji Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will consider the guideline value to ensure that the appropriate duties are collected. This helps maintain transparency and ensures that the values reflect the current market conditions.

Frequently asked questions

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

The current guideline value of Sri Sakthi Balaji Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, which is a 10% increase. From 2017 to 2023, there was a 49% increase, while the value decreased from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017.

What is the stamp duty for property in Sri Sakthi Balaji Nagar?

The stamp duty for property in Sri Sakthi Balaji Nagar is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 11,00,000, the stamp duty would be Rs 77,000.

Which Sub Registrar Office handles registrations for this area?

The Madurandakam Sub Registrar Office handles registrations for Sri Sakthi Balaji Nagar. It is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification of Sri Sakthi Balaji Nagar?

Sri Sakthi Balaji Nagar has a land classification of Mixed Type - I, which indicates the type of development permissible in the area.