Guideline Value for Sri Balaji Estate
₹250/sq.ft.
The guideline value for Sri Balaji Estate in Vellerithangal village (Gooduvancheri SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Vellerithangal
Village
Gooduvancheri
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹250 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹250 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹30 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Sri Balaji Estate
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Gooduvancheri sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Balaji Estate guideline value
The current guideline value of Sri Balaji Estate in Vellerithangal village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.
How the guideline value of Sri Balaji Estate has changed
The guideline value for Sri Balaji Estate has experienced several revisions over the years. In 2007, the value was set at Rs 30 per sq.ft, which saw a significant increase to Rs 250 per sq.ft in 2012. This was followed by a decrease to Rs 167 per sq.ft in 2017. The value then stabilized at Rs 250 per sq.ft in both 2023 and 2024, showing no change between these two revisions.
From 2007 to 2024, the overall increase in the guideline value has been 733%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street, indicating a gap in the historical data.
Guideline values in Vellerithangal
In Vellerithangal, there are 21 streets under the Gooduvancheri SRO with 2024 guideline values ranging from Rs 250 to Rs 1,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sri Balaji Estate's value below this median.
- Sri Krishna Mohana Nagar Phase III: Rs 903 per sq.ft (2024)
- SRI RAM Nagar: Rs 1,083 per sq.ft (2024)
- Sri Saibaba Nagar: Rs 300 per sq.ft (2024)
- Sri Sairam Nagar: Rs 300 per sq.ft (2024)
- Sri Valli Nagar: Rs 400 per sq.ft (2024)
- Treasure Land: Rs 400 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Balaji Estate
For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For further calculations, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sri Balaji Estate?
The Sri Balaji Estate is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Vellerithangal
The guideline value plays a crucial role during the registration of property transactions in Vellerithangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.
When a buyer or seller engages in a transaction, the guideline value ensures that the property is registered at a value that reflects its worth according to government standards. This helps maintain transparency and consistency in property dealings within the region.
Frequently asked questions
What is the current guideline value of Sri Balaji Estate?
The current guideline value of Sri Balaji Estate is Rs 250 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed multiple times, starting from Rs 30 per sq.ft in 2007, increasing to Rs 250 per sq.ft in 2012, then decreasing to Rs 167 per sq.ft in 2017, and finally stabilizing at Rs 250 per sq.ft in 2023 and 2024.
What is the land classification for Sri Balaji Estate?
Sri Balaji Estate is classified as Residential Class I Type - I, indicating its suitability for residential development.
What is the registration office for Sri Balaji Estate?
The registration office for Sri Balaji Estate is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.
How is stamp duty calculated for properties in Sri Balaji Estate?
Stamp duty for properties in Sri Balaji Estate is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000, leading to a stamp duty of Rs 17,500.
Ask the records, or walk the map.
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