Guideline Value

Corporate

Guideline Value for Sri Balaji Nagar Partr-3 Extn

₹1100/sq.ft.

The guideline value for Sri Balaji Nagar Partr-3 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 Partr-3 Extn

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Sri Balaji Nagar Partr-3 Extn guideline value

The current guideline value for Sri Balaji Nagar Partr-3 Extn is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Balaji Nagar Partr-3 Extn has changed

The guideline value for Sri Balaji Nagar Partr-3 Extn has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, this was followed by a decrease to Rs 536 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, there was an increase of 167%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 87% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 267% from 2007 to 2024.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO with 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 Partr-3 Extn is below this median.

Stamp duty and registration fee for property in Sri Balaji Nagar Partr-3 Extn

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. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Balaji Nagar Partr-3 Extn?

The Sub Registrar Office that covers Sri Balaji Nagar Partr-3 Extn 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Puzhal. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. This value ensures that the transaction is recorded accurately and reflects the official price set by the government.

When a buyer approaches the registration office, the guideline value helps in assessing the legal obligations and costs involved in the transaction. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration of property.

Frequently asked questions

What is the current guideline value for Sri Balaji Nagar Partr-3 Extn?

The current guideline value for Sri Balaji Nagar Partr-3 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, showing an overall increase of 267% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers this area?

The Redhills Sub Registrar Office covers Sri Balaji Nagar Partr-3 Extn, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Sri Balaji Nagar Partr-3 Extn?

Sri Balaji Nagar Partr-3 Extn is classified as Residential Class II Type - I.