Guideline Value

Corporate

Guideline Value for Sri Balaji Nagar Part -1D

₹1100/sq.ft.

The guideline value for Sri Balaji Nagar Part -1d 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 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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 -1d

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Sri Balaji Nagar Part -1D guideline value

The current guideline value of Sri Balaji Nagar Part -1D is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village and falls under the Redhills SRO. The land classification for this street is Residential Class II Type - I.

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

The guideline value for Sri Balaji Nagar Part -1D has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a notable decrease to Rs 536 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Puzhal

In 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 Part -1D is below this median.

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

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

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

Which Sub Registrar Office covers Sri Balaji Nagar Part -1D?

The Sub Registrar Office that covers Sri Balaji Nagar Part -1D 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

When buying or selling property in Puzhal, the guideline value is a critical factor in determining the amount of stamp duty and registration fees payable. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the registration process reflects the actual value of the property.

The guideline value serves as a benchmark for property transactions, helping to standardize the costs associated with buying and selling. It is essential for buyers and sellers 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 -1D?

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

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 200 per sq.ft to Rs 1,100 per sq.ft in 2024, representing an overall increase of 450%.

What are the other streets in Puzhal with the same guideline value?

Other streets in Puzhal that share the same guideline value of Rs 1,100 per sq.ft for 2024 include Sri Balaji Nagar Part - 1C, Part -1E, Part-1B, Part-1 Extn., Part-3A, and Part-1A.

What is the registration fee for a property in Sri Balaji Nagar Part -1D?

The registration fee for a property in Sri Balaji Nagar Part -1D is calculated at 2% of the guideline value. For a property valued at Rs 11,00,000, the registration fee would be Rs 22,000.

Where can I find the Sub Registrar Office for Sri Balaji Nagar Part -1D?

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