Guideline Value for Sri Balaji Nagar Phase II

Sri Balaji Nagar Phase II guideline value

The current guideline value of Sri Balaji Nagar Phase II is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Perunagar village under the Uthiramerur SRO, classified as Residential Class III Type - III.

How the guideline value of Sri Balaji Nagar Phase II has changed

The guideline value for Sri Balaji Nagar Phase II has remained consistent at Rs 300 per sq.ft since the 2023 revision, which also recorded the same value. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, from the 2023 revision to the 2024 revision, there has been no change in the guideline value, maintaining a steady rate of Rs 300 per sq.ft.

Guideline values in Perunagar

In Perunagar, there are 7 streets under the Uthiramerur SRO that have a 2024 guideline value ranging from Rs 134 to Rs 600 per sq.ft. The median value for these streets is Rs 201 per sq.ft, placing Sri Balaji Nagar Phase II above this median.

• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri Panduranga Nagar: Rs 201 per sq.ft (2024)
• Sri Ramaanchaneyar Nagar: Rs 134 per sq.ft (2024)
• Rds Nagar: Rs 150 per sq.ft (2024)
• Mumoorthi Nagar: Rs 134 per sq.ft (2024)
• Blm World City: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Nagar Phase II

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Sri Balaji Nagar Phase II?

The Sub Registrar Office covering Sri Balaji Nagar Phase II is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO online for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perunagar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar Phase II?

The current guideline value of Sri Balaji Nagar Phase II is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since the 2023 revision. There are no recorded figures for earlier revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Perunagar?

The median guideline value for the streets in Perunagar is Rs 201 per sq.ft, with Sri Balaji Nagar Phase II's value being above this median at Rs 300 per sq.ft.

What are the stamp duty and registration fees for a property in Sri Balaji Nagar Phase II?

For a property valued at Rs 3,00,000 in Sri Balaji Nagar Phase II, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Sri Balaji Nagar Phase II located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.