Guideline Value for Sri Balaji Nagar
₹500/sq.ft.
The guideline value for Sri Balaji Nagar in Nariyampakkam village (Sriperumpudur SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Mixed Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Nariyampakkam
Village
Sriperumpudur
SRO
Mixed Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹500 /sq.ft. |
| From 1-4-2023 | ₹500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹335 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| 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
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Sri Balaji Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Balaji Nagar guideline value
The current guideline value of Sri Balaji Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Nariyampakkam village, under the Sriperumpudur SRO, and is classified as Mixed Type - III land.
How the guideline value of Sri Balaji Nagar has changed
Looking at the historical revisions, the guideline value for Sri Balaji Nagar has seen various changes over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. However, the 2017 revision recorded a lower value of Rs 335 per sq.ft, marking a decrease of 33% from 2012. Between 2017 and 2023, there was a significant increase of 49%, bringing the value back to Rs 500 per sq.ft.
As of the latest revision in 2024, the guideline value remains at Rs 500 per sq.ft, indicating no change from the previous year. The register does not contain figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Nariyampakkam
In Nariyampakkam, there are 17 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft, positioning Sri Balaji Nagar's 2024 figure above that median.
- S.M. Nagar: Rs 400 per sq.ft (2024)
- Sri Ragavendra Garden: Rs 250 per sq.ft (2024)
- Seenivasa Nagar: Rs 250 per sq.ft (2024)
- Thangam Nagar: Rs 250 per sq.ft (2024)
- Ramadoss street: Rs 250 per sq.ft (2024)
- Perumalkoil Street: Rs 250 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 guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, charged at 7%, would be Rs 35,000, while the registration fee at 2% would be Rs 10,000. Together, these fees would total Rs 45,000. It is important to note that the 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?
The Sub Registrar Office that covers Sri Balaji Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Nariyampakkam
The guideline value plays a crucial role in the registration process of property transactions in Nariyampakkam. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.
When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both the buyer and seller are aware of the financial obligations involved in the transfer of property ownership.
Frequently asked questions
What is the current guideline value of Sri Balaji Nagar?
The current guideline value of Sri Balaji Nagar is Rs 500 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a notable decrease to Rs 335 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.
What are the other streets in Nariyampakkam and their guideline values?
Other streets in Nariyampakkam include S.M. Nagar at Rs 400 per sq.ft, and several streets such as Sri Ragavendra Garden, Seenivasa Nagar, Thangam Nagar, Ramadoss street, and Perumalkoil Street, all at Rs 250 per sq.ft.
What is the stamp duty rate for properties in Sri Balaji Nagar?
The stamp duty rate for properties in Sri Balaji Nagar is 7% of the guideline value or the sale price, whichever is higher.
Where is the Sub Registrar Office for Sri Balaji Nagar located?
The Sub Registrar Office for Sri Balaji Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
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