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Guideline Value

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Guideline Value for Sri Balaji Nagar Part-1 Extn.

₹1100/sq.ft.

The guideline value for Sri Balaji Nagar Part-1 Extn. 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 ₹300 /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-1 Extn.

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Sri Balaji Nagar Part-1 Extn. guideline value

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

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

The guideline value for Sri Balaji Nagar Part-1 Extn. has seen several revisions over the years. Starting from the 2007 revision, the value was set at Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The value then rose sharply to Rs 1,000 per sq.ft in 2023, and is currently set at Rs 1,100 per sq.ft as of the 2024 revision. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Looking at the changes, from 2007 to 2012, there was a substantial increase of 167%. However, the value decreased by 33% from 2012 to 2017. The most significant increase occurred from 2017 to 2023, with an 87% rise. The latest revision from 2023 to 2024 reflects a 10% increase, marking an overall increase of 267% from 2007 to 2024.

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 the median value being Rs 1,102 per sq.ft. The guideline value for Sri Balaji Nagar Part-1 Extn. is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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 the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Sri Balaji Nagar Part-1 Extn. is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Puzhal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these charges are applied based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar Part-1 Extn.?

The current guideline value of Sri Balaji Nagar Part-1 Extn. 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 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 267% over this period.

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 in 2024 include Sri Balaji Nagar Part -1E, Sri Balaji Nagar Part-3A, Sri Balaji Nagar Part -1D, Sri Balaji Nagar Part - 1C, Sri Balaji Nagar Part - II, and Sri Balaji Nagar Part-1B.

What is the registration fee for properties in Sri Balaji Nagar Part-1 Extn.?

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

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

The Sub Registrar Office for Sri Balaji Nagar Part-1 Extn. is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find more information by visiting the provided link.