Guideline Value

Corporate

Guideline Value for Sri Balaji Nagar Part 1B

₹2200/sq.ft.

The guideline value for Sri Balaji Nagar Part 1b in Vilakkupattu village (Redhills SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilakkupattu

Village

Redhills

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /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 Part 1b

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Sri Balaji Nagar Part 1B guideline value

The current guideline value of Sri Balaji Nagar Part 1B is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Vilakkupattu village and falls under the Redhills SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Sri Balaji Nagar Part 1B has changed

The guideline value for Sri Balaji Nagar Part 1B has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. This was followed by a significant increase in the 2023 revision, which raised the value to Rs 2,000 per sq.ft. The most recent 2024 revision has further increased the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register. The changes between the revisions highlight a substantial increase of 49% from 2017 to 2023, and a steady rise leading to the current guideline value.

Guideline values in Vilakkupattu

In Vilakkupattu, five streets under the Redhills SRO have a 2024 guideline value ranging from Rs 1,650 to Rs 2,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value for Sri Balaji Nagar Part 1B.

Stamp duty and registration fee for property in Sri Balaji Nagar Part 1B

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 Part 1B?

The Sub Registrar Office that covers Sri Balaji Nagar Part 1B is the Redhills Sub Registrar Office. The address is 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 Vilakkupattu

The guideline value is a crucial factor in property transactions in Vilakkupattu. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with the regulatory requirements.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar Part 1B?

The current guideline value of Sri Balaji Nagar Part 1B is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024. This marks an overall increase of 64% over these years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Sri Balaji Nagar Part 1B?

The Redhills Sub Registrar Office covers Sri Balaji Nagar Part 1B, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Sri Balaji Nagar Part 1B?

The land classification for Sri Balaji Nagar Part 1B is Mixed Type - I, which indicates the type of development permissible in the area.