Guideline Value for Sri Balaji Co-operative Nagar

Sri Balaji Co-operative Nagar guideline value

The current guideline value of Sri Balaji Co-operative Nagar is Rs 806 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Balaji Co-operative Nagar has changed

The guideline value for Sri Balaji Co-operative Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 100%, bringing the value back up to Rs 806 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, positioning Sri Balaji Co-operative Nagar below this median.

• Sri Balaji Garden: Rs 804 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 880 per sq.ft (2024)
• Sri Krishna Avenue: Rs 880 per sq.ft (2024)
• S.M. Nagar: Rs 880 per sq.ft (2024)
• S.K. Nagar: Rs 806 per sq.ft (2024)
• Sivankoil Street: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Co-operative Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, leading to a total of Rs 72,540. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Balaji Co-operative Nagar?

The Sub Registrar Office covering Sri Balaji Co-operative Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to calculate the applicable duties. This ensures that the transaction is documented accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Sri Balaji Co-operative Nagar?

The current guideline value of Sri Balaji Co-operative Nagar is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 806 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 72,540.

Where can I find the Sub Registrar Office for Sri Balaji Co-operative Nagar?

The Sub Registrar Office for Sri Balaji Co-operative Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value determined for properties in Kovilpathagai?

The guideline value is determined based on various factors and is revised periodically by the Registration Department. It serves as a standard for calculating stamp duty and registration fees during property transactions.