Guideline Value for Sri Balaji Nagar (S.No. 77, 82, 83)

Sri Balaji Nagar (S.No. 77, 82, 83) guideline value

The current guideline value of Sri Balaji Nagar (S.No. 77, 82, 83) is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class V Type - II.

How the guideline value of Sri Balaji Nagar (S.No. 77, 82, 83) has changed

Looking back at the revisions, the guideline value was Rs 200 per sq.ft in 2007, which increased significantly to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The most recent revision in 2024 saw the guideline value rise to Rs 880 per sq.ft, marking a 64% increase from 2017. The overall change from 2007 to 2024 reflects a substantial increase of 340%.

There are no figures available for the years 2023, 2003, and 2002 for this street. The values from the previous revisions are as follows: Rs 800 per sq.ft in 2012, Rs 536 per sq.ft in 2017, and the current value of Rs 880 per sq.ft in 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Sri Balaji Nagar (S.No. 77, 82, 83) is below this median.

• Sri Balaji Nagar (S.No. 329 & 330, 331) Near Thendral Nagar: Rs 1,600 per sq.ft (2024)
• Sri Devi Karumariamman Nagar: Rs 1,500 per sq.ft (2024)
• Sri Avenue: Rs 1,200 per sq.ft (2024)
• Sri Devi Nagar (S.No.194): Rs 1,400 per sq.ft (2024)
• Sri Devi Vaishnavi Nagar (A Street): Rs 2,700 per sq.ft (2024)
• Sri Devi Vaishnavi Nagar (B Street): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Nagar (S.No. 77, 82, 83)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Balaji Nagar (S.No. 77, 82, 83)?

The Sub Registrar Office that covers Sri Balaji Nagar (S.No. 77, 82, 83) 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 Thirumullaivoyal

The guideline value is a critical factor in the registration process when buying or selling property in Thirumullaivoyal. 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 higher value between the guideline value and the sale price to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with the legal requirements.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar (S.No. 77, 82, 83)?

The current guideline value of Sri Balaji Nagar (S.No. 77, 82, 83) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 200 per sq.ft in 2007, increased to Rs 800 per sq.ft in 2012, decreased to Rs 536 per sq.ft in 2017, and is currently Rs 880 per sq.ft in 2024.

What is the land classification of Sri Balaji Nagar?

Sri Balaji Nagar is classified as Residential Class V Type - II. This classification is important for determining the applicable guidelines and regulations for property transactions in the area.

What are the stamp duty rates for properties in Sri Balaji Nagar?

The stamp duty for properties in Sri Balaji Nagar is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

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

The Sub Registrar Office covering Sri Balaji Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find more information by visiting the relevant link.