Guideline Value for Sri Balaji Nagar

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar, located in Athur A Block village under the Chengleput Joint II SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Type - I.

How the guideline value of Sri Balaji Nagar has changed

The guideline value for Sri Balaji Nagar has undergone several revisions over the years. Starting from Rs 40 per sq.ft in 2007, it saw a significant increase to Rs 600 per sq.ft in 2012. However, it then dropped to Rs 402 per sq.ft in 2017. The most recent revisions in 2023 and 2024 maintained the guideline value at Rs 600 per sq.ft, showing no change between these years.

Notably, the increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023 represents a 49% rise. The overall change from the 2007 revision to the 2024 revision reflects a remarkable increase of 1400%.

Guideline values in Athur A Block

Athur A Block features 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median value is Rs 600 per sq.ft, placing Sri Balaji Nagar's 2024 figure at this median level.

• Sri Adhinath Avenue: Rs 600 per sq.ft (2024)
• S.L.K.K Nagar: Rs 600 per sq.ft (2024)
• Sivakami Nagar: Rs 600 per sq.ft (2024)
• Sri Malli Nathar Nagar: Rs 600 per sq.ft (2024)
• Sri Nagar: Rs 400 per sq.ft (2024)
• Srinivasa Avenue: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Nagar?

The Chengleput Joint II Sub Registrar Office covers Sri Balaji Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is a critical factor in property transactions within Athur A Block. It serves as a benchmark for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property transaction occurs, the guideline value is used to determine the applicable charges. This ensures that all parties are aware of the financial obligations associated with the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and has remained at Rs 600 per sq.ft in both 2023 and 2024.

What is the median guideline value in Athur A Block?

The median guideline value in Athur A Block is Rs 600 per sq.ft, which is the same as the current guideline value for Sri Balaji Nagar.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,00,000, the total fees would amount to Rs 54,000.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.