Guideline Value for Sri Balaji Nagar

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Commercial Class I Type - II.

How the guideline value of Sri Balaji Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 1,200 per sq.ft, reflecting a 49% rise from the 2017 figure.

Overall, the guideline value from 2012 to 2023 has shown no change, remaining at Rs 1,200 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

While there are no specific village figures available for Mambakkam, Sri Balaji Nagar is situated within this locality. Currently, there are no other streets in Mambakkam listed 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 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty is charged at 7%, totaling Rs 84,000, while the registration fee is at 2%, amounting to Rs 24,000. Together, the total cost for stamp duty and registration fee is Rs 1,08,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Balaji Nagar?

Sri Balaji Nagar falls under 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 Mambakkam

The guideline value is a critical factor during the registration of property transactions in Mambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, which are necessary for legal documentation.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. This ensures that all transactions are recorded accurately and transparently according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 1,200 per sq.ft to Rs 804 per sq.ft. However, it increased back to Rs 1,200 per sq.ft in the 2023 revision.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Sri Balaji Nagar?

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

Are there any other streets in Mambakkam under the Gooduvancheri SRO?

Currently, there are no other streets in Mambakkam listed under the Gooduvancheri SRO.