Guideline Value for Sri Balaji Nagar-II
₹1000/sq.ft.
The guideline value for Sri Balaji Nagar-ii in Karanaipuducheri village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Karanaipuducheri
Village
Gooduvancheri
SRO
Residential Special Type - III
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.
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[email protected], [email protected]
Records for a plot on Sri Balaji Nagar-ii
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Gooduvancheri sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Balaji Nagar-II guideline value
The current guideline value of Sri Balaji Nagar-II is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Karanaipuducheri village, under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - III.
How the guideline value of Sri Balaji Nagar-II has changed
The guideline value for Sri Balaji Nagar-II has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, it dropped to Rs 670 per sq.ft in the 2017 revision, a decrease of 33%. The value remained at Rs 1,000 per sq.ft in the 2023 revision and continued at the same rate in the 2024 revision, showing no change from the previous year.
It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.
Guideline values in Karanaipuducheri
In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value of Sri Balaji Nagar-II is above this median.
- Sri Balaji Nagar-I: Rs 1,000 per sq.ft (2024)
- Sri Bhavani Amman Nagar: Rs 1,100 per sq.ft (2024)
- Sri Bhavani Amman Nagar Extension -I: Rs 1,500 per sq.ft (2024)
- Sri Brindha Avenue: Rs 1,000 per sq.ft (2024)
- Sri Baba Nagar: Rs 701 per sq.ft (2024)
- Sri Andal Nagar: Rs 701 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Balaji Nagar-II
For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost Rs 90,000. 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 more details.
Which Sub Registrar Office covers Sri Balaji Nagar-II?
The Sub Registrar Office covering Sri Balaji Nagar-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Karanaipuducheri
The guideline value is a crucial aspect when registering a property in Karanaipuducheri. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that need to be paid during the transaction.
When a property is sold, the guideline value helps ensure that the sale price reflects the market conditions. Buyers and sellers must consider this value to avoid any legal issues during the registration process.
Frequently asked questions
What is the current guideline value of Sri Balaji Nagar-II?
The current guideline value of Sri Balaji Nagar-II 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, then decreased to Rs 670 per sq.ft in 2017, and remained at Rs 1,000 per sq.ft in both 2023 and 2024.
What are the stamp duty and registration fees for a property in Sri Balaji Nagar-II?
For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, making a total of Rs 90,000.
Which Sub Registrar Office covers this area?
The Gooduvancheri Sub Registrar Office covers Sri Balaji Nagar-II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.
How is the guideline value used in property transactions?
The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during a transaction.
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