Guideline Value

Corporate

Guideline Value for Sri Balaji Nagar Part-1A

₹1100/sq.ft.

The guideline value for Sri Balaji Nagar Part-1a 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-1a

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Sri Balaji Nagar Part-1A guideline value

The current guideline value of Sri Balaji Nagar Part-1A 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-1A has changed

The guideline value for Sri Balaji Nagar Part-1A has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, but then decreased to Rs 536 per sq.ft in 2017. The value saw a substantial rise to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 167%, but then dropped by 33% from 2012 to 2017. The value rebounded with an 87% increase from 2017 to 2023, and saw a further 10% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 267%.

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-1A is below this median.

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

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, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

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

The Sub Registrar Office covering Sri Balaji Nagar Part-1A 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 critical factor in the registration process for buying or selling property in Puzhal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Sri Balaji Nagar Part-1A 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 seen several revisions, starting from Rs 300 per sq.ft in 2007, rising to Rs 800 in 2012, dropping to Rs 536 in 2017, increasing to Rs 1,000 in 2023, and currently standing at Rs 1,100 in 2024.

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

Sri Balaji Nagar Part-1A is classified as Residential Class II Type - I. This classification affects the guideline value and the applicable regulations for property transactions.

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

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

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

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