Guideline Value for SRI SANKARA BALASUBRAMANIYA HIGHWAY CITY

Sri Sankara Balasubramaniya Highway City guideline value

The current guideline value for Sri Sankara Balasubramaniya Highway City is Rs 248 per sq.ft, effective from 1 July 2024. This property is located in Thirunilai village under the Thiruvottiyur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Sankara Balasubramaniya Highway City has changed

The guideline value for this street has undergone several revisions since 2017. In 2017, the value was Rs 151 per sq.ft, which increased to Rs 226 per sq.ft in 2023, marking a 50% rise. The most recent revision in 2024 saw the value rise to Rs 248 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirunilai

In Thirunilai, there are 10 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, all set at Rs 248 per sq.ft, with the median also being Rs 248 per sq.ft. Sri Sankara Balasubramaniya Highway City’s 2024 figure is equal to this median.

• Sri Lakshmi Ganapathy Nagar: Rs 248 per sq.ft (2024)
• Thirumalai Nagar: Rs 248 per sq.ft (2024)
• Pachaiamma Nagar Ext.: Rs 248 per sq.ft (2024)
• Pachaiamma Nagar: Rs 248 per sq.ft (2024)
• New Star City: Rs 248 per sq.ft (2024)
• MRK Pannai Thottam: Rs 248 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sankara Balasubramaniya Highway City

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value would be Rs 2,48,000. The stamp duty at 7% would amount to Rs 17,360, and the registration fee at 2% would be Rs 4,960, bringing the total cost for these fees to Rs 22,320. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sankara Balasubramaniya Highway City?

The Sri Sankara Balasubramaniya Highway City falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirunilai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate taxes are levied based on the higher of the guideline value or the sale price. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Sri Sankara Balasubramaniya Highway City?

The current guideline value for Sri Sankara Balasubramaniya Highway City is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 151 per sq.ft to Rs 248 per sq.ft in 2024, which is a total increase of 64% over the period.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 2,48,000, the total fees would amount to Rs 22,320.

Which authority manages the guideline values in Tamil Nadu?

The guideline values in Tamil Nadu are managed by the Registration Department, which maintains the guideline value register.

Where can I find more information about my SRO?

You can find more information about your Sub Registrar Office by visiting the find your SRO page.