Guideline Value for Sri Balaji Nagar Extension

Sri Balaji Nagar Extension guideline value

The current guideline value for Sri Balaji Nagar Extension, located in Kathirvedu village under the Ambattur SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Balaji Nagar Extension has changed

The guideline value for Sri Balaji Nagar Extension has seen several revisions over the years. Starting from Rs 88 per sq.ft in 2002, it increased to Rs 200 per sq.ft in 2003, marking a significant rise of 127%. The value then jumped to Rs 601 per sq.ft in 2007, an increase of 201%. In 2012, the value was recorded at Rs 2,500 per sq.ft, reflecting a substantial increase of 316% from the previous revision. However, this value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The guideline value then rose again to Rs 2,500 per sq.ft in 2023, followed by the current figure of Rs 2,700 per sq.ft in 2024, which is an increase of 8%.

Overall, from 2002 to 2024, the guideline value has increased by 2968%. There are no revisions with figures missing for this street in the register.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Sri Balaji Nagar Extension is above this median.

• Sri Balaji Nagar: Rs 2,700 per sq.ft (2024)
• Sowmiya Nagar: Rs 2,800 per sq.ft (2024)
• Soorapattu Main Road: Rs 2,300 per sq.ft (2024)
• Sri Lakshmi Amman Nagar: Rs 1,500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 1,800 per sq.ft (2024)
• Society Nagar: Rs 1,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total cost of Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Balaji Nagar Extension?

The Sub Registrar Office that covers Sri Balaji Nagar Extension 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kathirvedu. It serves as the basis for calculating the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sri Balaji Nagar Extension?

The current guideline value for Sri Balaji Nagar Extension is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 88 per sq.ft to Rs 2,700 per sq.ft in 2024, marking an overall increase of 2968%.

What is the land classification for Sri Balaji Nagar Extension?

The land classification for Sri Balaji Nagar Extension is Residential Special Type - I.

What are the stamp duty and registration fees for property in Sri Balaji Nagar Extension?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 2,43,000, which includes Rs 1,89,000 for stamp duty and Rs 54,000 for registration fees.

Which Sub Registrar Office covers the area of Sri Balaji Nagar Extension?

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