Guideline Value for Sri Balaji Garden

Sri Balaji Garden guideline value

The current guideline value of Sri Balaji Garden is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Mudhukoor village and falls under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Balaji Garden has changed

The guideline value for Sri Balaji Garden has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 200 per sq.ft. This remained unchanged in the subsequent revision in 2017, where it was noted at Rs 134 per sq.ft, a decrease of 33%. However, by 2023, the value returned to Rs 200 per sq.ft, and the 2024 revision has maintained this figure, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft. Overall, comparing the 2012 revision to the 2024 revision, there has been no net change in the guideline value.

Guideline values in Mudhukoor

In Mudhukoor, there are 29 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 448 per sq.ft. The guideline value of Sri Balaji Garden is equal to the median value of Rs 200 per sq.ft. Below are the guideline values for other streets in Mudhukoor:

• Spring rains phase - II: Rs 448 per sq.ft (2024)
• Spring rains phase - I: Rs 448 per sq.ft (2024)
• Spring Rains: Rs 300 per sq.ft (2024)
• Thirowpathiamman Kovil Street: Rs 200 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Balaji Garden?

The Sub Registrar Office that covers Sri Balaji Garden is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mudhukoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties. This ensures that the fees reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value of Sri Balaji Garden?

The current guideline value of Sri Balaji Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, despite fluctuations in previous years, including a decrease to Rs 134 per sq.ft in 2017.

Where can I find the Sub Registrar Office for Sri Balaji Garden?

The Sub Registrar Office for Sri Balaji Garden is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in Sri Balaji Garden?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher of the guideline value and the sale price is considered for calculating these fees.