Guideline Value

Corporate

Guideline Value for Sri Balaji Nagar-I

₹1000/sq.ft.

The guideline value for Sri Balaji Nagar-i 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.
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-i

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Sri Balaji Nagar-I guideline value

The current guideline value of Sri Balaji Nagar-I is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Sri Balaji Nagar-I has changed

The guideline value for Sri Balaji Nagar-I has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant increase of 400%. However, in 2017, the value dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the value at Rs 1,000 per sq.ft, indicating no change between these two years.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 rate, the guideline value has increased by 400%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that have a guideline value for 2024, ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing Sri Balaji Nagar-I above this median.

Stamp duty and registration fee for property in Sri Balaji Nagar-I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, which amounts to Rs 70,000, and the registration fee is 2%, totaling Rs 20,000. Therefore, the total cost for stamp duty and registration fees would be Rs 90,000. It's important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Balaji Nagar-I?

The Sub Registrar Office covering Sri Balaji Nagar-I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-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 plays a crucial role in property transactions in Karanaipuducheri. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, and it helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar-I?

The current guideline value of Sri Balaji Nagar-I 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 several times, with the most recent revision in 2024 maintaining the value at Rs 1,000 per sq.ft, the same as in 2023. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What are the other streets in Karanaipuducheri?

Other streets in Karanaipuducheri include Sri Balaji Nagar-II, Sri Bhavani Amman Nagar, Sri Bhavani Amman Nagar Extension -I, Sri Brindha Avenue, Sri Baba Nagar, and Sri Andal Nagar, with varying guideline values.

What are the stamp duty and registration fees for properties in Sri Balaji Nagar-I?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

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

The Sub Registrar Office for Sri Balaji Nagar-I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.