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Guideline Value

Corporate

Guideline Value for Sri Balaji Nagar Stage-1,2,3

₹1000/sq.ft.

The guideline value for Sri Balaji Nagar Stage-1,2,3 in Adhanoor village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Adhanoor

Village

Gooduvancheri

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Balaji Nagar Stage-1,2,3

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Sri Balaji Nagar Stage-1,2,3 guideline value

The current guideline value for Sri Balaji Nagar Stage-1,2,3 is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Balaji Nagar Stage-1,2,3 has changed

Over the years, the guideline value for Sri Balaji Nagar Stage-1,2,3 has seen several revisions. The earliest recorded figure was Rs 200 per sq.ft in 2007, which increased significantly to Rs 1,000 per sq.ft in 2012. However, in 2017, the value decreased to Rs 670 per sq.ft, before rising again to Rs 1,000 per sq.ft in both 2023 and 2024. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2012 to 2017, the guideline value decreased by 33%, while from 2017 to 2023, it increased by 49%. The overall change from 2007 to 2024 reflects a 400% increase, showing a significant rise in the guideline value over the years.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Sri Balaji Nagar Stage-1,2,3. Below are other streets in Adhanoor:

Stamp duty and registration fee for property in Sri Balaji Nagar Stage-1,2,3

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Balaji Nagar Stage-1,2,3?

The Sri Balaji Nagar Stage-1,2,3 area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers should be aware that the guideline value may differ from the actual sale price, but the duty will be calculated based on the higher of the two values.

Frequently asked questions

What is the current guideline value for Sri Balaji Nagar Stage-1,2,3?

The current guideline value for Sri Balaji Nagar Stage-1,2,3 is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Adhanoor?

The median guideline value for streets in Adhanoor is Rs 1,000 per sq.ft, which is the same as the current value for Sri Balaji Nagar Stage-1,2,3.

How is stamp duty calculated for properties in Sri Balaji Nagar Stage-1,2,3?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft, the stamp duty would be Rs 70,000 at a guideline value of Rs 10,00,000.

Where can I find the Sub Registrar Office for Sri Balaji Nagar Stage-1,2,3?

The Gooduvancheri Sub Registrar Office covers Sri Balaji Nagar Stage-1,2,3, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.