Guideline Value for Sri Balaji Nagar

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar is Rs 1,000 per sq.ft. This area is located in Vengadamangalam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - III.

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 earliest registered figure is from 2007, where the guideline value was Rs 200 per sq.ft. This value increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, in the subsequent revision in 2017, the value dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 has set the guideline value back to Rs 1,000 per sq.ft, which represents a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 400%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Sri Balaji Nagar is one of the streets under the Gooduvancheri SRO, and there are no other streets in Vengadamangalam listed with guideline values.

Stamp duty and registration fee for property in Sri Balaji Nagar

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 for these fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Vengadamangalam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial aspects of property transactions. The registration office uses this value to calculate the necessary fees, which must be paid at the time of registration to complete the sale.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 1,000 per sq.ft as per the 2023 revision.

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 finally returned to Rs 1,000 per sq.ft in 2023.

What is the registration office for Sri Balaji Nagar?

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

How is stamp duty calculated in Sri Balaji Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, if the guideline value is Rs 10,00,000, the stamp duty would be 7% of that amount.

Are there other streets in Vengadamangalam with guideline values?

Currently, there are no other streets in Vengadamangalam listed with guideline values under the Gooduvancheri SRO.