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Guideline Value

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Guideline Value for Sri Bala Vinayaga Nagar

₹330/sq.ft.

The guideline value for Sri Bala Vinayaga Nagar in Atthivakkam village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Atthivakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹22 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Bala Vinayaga Nagar

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Sri Bala Vinayaga Nagar guideline value

The current guideline value for Sri Bala Vinayaga Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Atthivakkam village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Bala Vinayaga Nagar has changed

The guideline value for Sri Bala Vinayaga Nagar has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 22 per sq.ft. This value increased significantly to Rs 200 per sq.ft in 2007, marking a remarkable increase of 809%. In 2012, the value rose to Rs 300 per sq.ft, reflecting a 50% increase. However, in 2017, the value dropped to Rs 201 per sq.ft, a decrease of 33%. The value then increased to Rs 300 per sq.ft in 2023, showing a rise of 49%. The current guideline value is Rs 330 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,400%.

Guideline values in Atthivakkam

In Atthivakkam, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 1,400 per sq.ft. The median value for these streets is Rs 440 per sq.ft, placing Sri Bala Vinayaga Nagar's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total charges together Rs 29,700. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Bala Vinayaga Nagar?

The Sub Registrar Office that covers Sri Bala Vinayaga Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Atthivakkam. It serves as a benchmark for determining the value of the property for taxation purposes, including stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable charges, ensuring that both parties are aware of the financial implications of the transaction. It is essential for buyers and sellers to consider the guideline value for accurate financial planning.

Frequently asked questions

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

The current guideline value of Sri Bala Vinayaga Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 22 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1,400% over the years.

What is the registration office for Sri Bala Vinayaga Nagar?

The registration office for Sri Bala Vinayaga Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Sri Bala Vinayaga Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 330 per sq.ft incurs a stamp duty of Rs 23,100.

What are the other streets in Atthivakkam with guideline values?

Other streets in Atthivakkam include Sri Dhanalakshmi Nagar, Sri Sathiya Narayana Garden, Sun City, Sapthar Hasmi Nagar 2 nd Part, Sapthar Hasmi Nagar, and Thirupathi Nagar, with varying guideline values.