Guideline Value

Corporate

Guideline Value for Sri Balaji Nagar Annexe

₹1100/sq.ft.

The guideline value for Sri Balaji Nagar Annexe in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 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

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

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 Balaji Nagar Annexe

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Sri Balaji Nagar Annexe guideline value

The current guideline value of Sri Balaji Nagar Annexe is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Balaji Nagar Annexe has changed

The guideline value for Sri Balaji Nagar Annexe has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has further raised the value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Notably, the overall increase from 2017 to 2024 is 105%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The significant jump from Rs 536 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024 reflects a change of 87% from 2017 to 2023, followed by the recent increase.

Guideline values in Puzhal

Within Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value for Sri Balaji Nagar Annexe is slightly below this median.

Stamp duty and registration fee for property in Sri Balaji Nagar Annexe

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Balaji Nagar Annexe?

The Sub Registrar Office that covers Sri Balaji Nagar Annexe 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 Puzhal

The guideline value is a crucial factor in the registration process when buying or selling property in Puzhal. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property transaction occurs, the guideline value helps in assessing the official value of the property, which is essential for legal and financial documentation. This ensures transparency and compliance with local regulations during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar Annexe?

The current guideline value of Sri Balaji Nagar Annexe is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 105% over this period.

What is the registration office for Sri Balaji Nagar Annexe?

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

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

The stamp duty rate for property transactions in Sri Balaji Nagar Annexe is 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find more information on stamp duty and registration fees?

You can find more information on stamp duty and registration fees using the stamp duty and registration fee calculator.