Guideline Value for Shri Balaji Nagar

Shri Balaji Nagar guideline value

The current guideline value of Shri Balaji Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Ayyencheri village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Shri Balaji Nagar has changed

Over the years, the guideline value of Shri Balaji Nagar has seen several revisions. The earliest recorded figure is from the 2007 revision, where the guideline value was Rs 611 per sq.ft. This value increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft. The most recent revision in 2023 saw a notable increase back to Rs 1,500 per sq.ft.

When examining the percentage changes between revisions, the guideline value increased by 145% from 2007 to 2012, then decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a significant increase of 49%. Overall, the guideline value has risen by 145% from 2007 to 2023. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. The guideline value for Shri Balaji Nagar is Rs 1,500 per sq.ft. There are no other streets in Ayyencheri under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Shri Balaji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost would be Rs 1,35,000. It is essential to note that the 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 Shri Balaji Nagar?

The Sub Registrar Office that covers Shri Balaji Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find more details at find your SRO.

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

The guideline value plays a crucial role in property transactions in Ayyencheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees. This ensures that the costs associated with the property transaction are calculated based on the official valuation set by the government.

It is important for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of the transaction. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Shri Balaji Nagar?

The current guideline value of Shri Balaji Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 611 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then dropping to Rs 1,005 per sq.ft in 2017, and finally returning to Rs 1,500 per sq.ft in 2023.

What is the land classification for Shri Balaji Nagar?

The land classification for Shri Balaji Nagar is Residential Special Type - II.

What are the stamp duty and registration fees for property in Shri Balaji Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 15,00,000, with a stamp duty of Rs 1,05,000 and a registration fee of Rs 30,000, totaling Rs 1,35,000.

Where is the Sub Registrar Office for Shri Balaji Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.