Guideline Value for Sri Balaji Nagar

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar is Rs 1,150 per sq.ft. This area is located in Kilambakkam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Class I Type - I.

How the guideline value of Sri Balaji Nagar has changed

Over the years, the guideline value of Sri Balaji Nagar has seen several revisions. The 2007 revision set the value at Rs 450 per sq.ft, which increased significantly to Rs 1,150 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 770 per sq.ft, a decrease of 33%. The most recent 2023 revision reinstated the value to Rs 1,150 per sq.ft, marking a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 156%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, the guideline value for Sri Balaji Nagar stands at Rs 1,150 per sq.ft. Unfortunately, there are no specific figures available for other streets in Kilambakkam under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Balaji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,150 per sq.ft, the guideline value amounts to Rs 11,50,000. The stamp duty at 7% would be Rs 80,500, and the registration fee at 2% would be Rs 23,000, bringing the total to Rs 1,03,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Nagar?

The Sub Registrar Office that covers Sri Balaji Nagar 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 details.

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

The guideline value is a crucial factor when buying or selling property in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. 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?

The current guideline value of Sri Balaji Nagar is Rs 1,150 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,150 per sq.ft in 2012, then decreased to Rs 770 per sq.ft in 2017, and finally returned to Rs 1,150 per sq.ft in 2023.

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

For a property valued at Rs 11,50,000, the stamp duty would be Rs 80,500 and the registration fee would be Rs 23,000, totaling Rs 1,03,500.

Which Sub Registrar Office covers Sri Balaji Nagar?

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

Are there other streets in Kilambakkam with guideline values?

Currently, there are no specific guideline values provided for other streets in Kilambakkam under the Gooduvancheri SRO.