Guideline Value for SRI SANKARA BALASUBRAMANIYAM CITY

Sri Sankara Balasubramaniyam City guideline value

The current guideline value of Sri Sankara Balasubramaniyam City is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Chekkancheri village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Sankara Balasubramaniyam City has changed

The guideline value for Sri Sankara Balasubramaniyam City has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 134 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value, reflecting the same rate from 2023 to 2024, which shows no change.

Guideline values in Chekkancheri

In Chekkancheri, there are five streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft, with the median being Rs 200 per sq.ft. Sri Sankara Balasubramaniyam City's 2024 figure is equal to this median.

• Supreme City: Rs 200 per sq.ft (2024)
• Vetrivelan Nagar: Rs 200 per sq.ft (2024)
• Sri Kubera Lakshmi Nagar: Rs 300 per sq.ft (2024)
• Tms Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sankara Balasubramaniyam City

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which totals Rs 14,000, and the registration fee is 2%, amounting to Rs 4,000. Thus, the total cost for these fees together is Rs 18,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Sankara Balasubramaniyam City?

The Sri Sankara Balasubramaniyam City falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property in Chekkancheri. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs involved in the transaction. Proper understanding of these values can help in planning financial aspects effectively.

Frequently asked questions

What is the current guideline value of Sri Sankara Balasubramaniyam City?

The current guideline value of Sri Sankara Balasubramaniyam City is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2024, reflecting a 49% increase overall from 2017 to 2024.

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

The stamp duty is charged at 7% and the registration fee at 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Which office handles registrations for this area?

The Ponneri Sub Registrar Office handles registrations for Sri Sankara Balasubramaniyam City, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What other streets are in Chekkancheri?

Other streets in Chekkancheri include Supreme City, Vetrivelan Nagar, Sri Kubera Lakshmi Nagar, and Tms Nagar, with guideline values ranging from Rs 200 to Rs 300 per sq.ft.