Guideline Value for Sri Bala Rathna Nagar

Sri Bala Rathna Nagar guideline value

The current guideline value of Sri Bala Rathna Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Pillaippakkam-A village, under the Sriperumpudur SRO, and is classified as Mixed Type - I land.

How the guideline value of Sri Bala Rathna Nagar has changed

The guideline value for Sri Bala Rathna Nagar has undergone several revisions over the years. The most recent revisions show that the value has remained consistent at Rs 700 per sq.ft for both 2023 and 2024. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and the same percentage increase from 2017 to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Thus, the only revisions available are from 2017, 2023, and 2024, with no changes recorded for the earlier years.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Sri Bala Rathna Nagar's guideline value above this median.

• Sri Hari Krishna Nagar: Rs 400 per sq.ft (2024)
• Sri Meenakshi Nagar: Rs 200 per sq.ft (2024)
• Sivan Koil Street: Rs 300 per sq.ft (2024)
• Siriya Street: Rs 200 per sq.ft (2024)
• Sri Parasuram Nagar: Rs 700 per sq.ft (2024)
• Sri Ramakrishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Bala Rathna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Bala Rathna Nagar?

The Sub Registrar Office that covers Sri Bala Rathna Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value plays a crucial role in property transactions in Pillaippakkam-A. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures compliance with legal requirements and helps in the accurate calculation of fees associated with property transactions.

Frequently asked questions

What is the current guideline value of Sri Bala Rathna Nagar?

The current guideline value of Sri Bala Rathna Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft for both 2023 and 2024, while it was Rs 469 per sq.ft in 2017, reflecting a 49% increase over the period from 2017 to 2024.

What is the land classification of Sri Bala Rathna Nagar?

Sri Bala Rathna Nagar is classified as Mixed Type - I land, which indicates a diverse use of land in the area.

What are the stamp duty rates for property in Sri Bala Rathna Nagar?

The stamp duty for property transactions in Sri Bala Rathna Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Bala Rathna Nagar?

The Sub Registrar Office for Sri Bala Rathna Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.