Guideline Value for Sri Balaji Nagar
₹300/sq.ft.
The guideline value for Sri Balaji Nagar in Vallam village (Sriperumpudur SRO, Chengalpattu zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Vallam
Village
Sriperumpudur
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹300 /sq.ft. |
| From 1-4-2023 | ₹300 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹201 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹300 /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 300 per sq.ft, effective from 1 July 2024. This locality is situated in Vallam village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.
How the guideline value of Sri Balaji Nagar has changed
The guideline value for Sri Balaji Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 300 per sq.ft. The most recent revision in 2024 has maintained this value at Rs 300 per sq.ft, indicating no change from the previous year.
It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same, with a cumulative change of 0%.
Guideline values in Vallam
In Vallam, there are 51 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Sri Balaji Nagar is above this median, reflecting its position among the other streets in the area.
- Sri Arabindo Nagar (Vasantham Nature City): Rs 200 per sq.ft (2024)
- Sri Devi Nagar: Rs 150 per sq.ft (2024)
- Sowndari garden: Rs 600 per sq.ft (2024)
- Sivan Koil Street: Rs 200 per sq.ft (2024)
- Sri Ram Nagar: Rs 150 per sq.ft (2024)
- Sri Venkatachalapathy Nagar: Rs 410 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Balaji Nagar
For a plot of 1,000 sq.ft at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee, charged at 2%, would be Rs 6,000. Therefore, the total fees would be Rs 27,000. 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 detailed calculations.
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 information.
How the guideline value is used when you buy or sell in Vallam
The guideline value is a crucial factor during property transactions in Vallam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.
When purchasing property, the guideline value helps in calculating the stamp duty and registration fees. These costs are based on the guideline value or the sale price, whichever is higher, ensuring that all transactions are conducted transparently and fairly.
Frequently asked questions
What is the current guideline value of Sri Balaji Nagar?
The current guideline value of Sri Balaji Nagar is Rs 300 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
Since 2012, the guideline value has fluctuated, with a decrease to Rs 201 per sq.ft in 2017, but it returned to Rs 300 per sq.ft in 2023 and has remained the same in 2024.
What are the other streets in Vallam and their guideline values?
Other streets in Vallam have varying guideline values, ranging from Rs 150 to Rs 600 per sq.ft, with Sri Balaji Nagar being above the median value of Rs 200 per sq.ft.
What fees are associated with property registration in Sri Balaji Nagar?
When registering property in Sri Balaji Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for Sri Balaji Nagar?
The Sub Registrar Office for Sri Balaji Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
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