Guideline Value for Sri Balaji Nagar

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 street is located in Perunagar village under the Uthiramerur SRO, classified as Residential Class III Type - III.

How the guideline value of Sri Balaji Nagar has changed

According to the register, there are no figures for Sri Balaji Nagar for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 300 per sq.ft in the 2023 revision, which remains unchanged in the 2024 revision, also at Rs 300 per sq.ft. This indicates that there has been no percentage change between the 2023 and 2024 revisions.

The guideline value for Sri Balaji Nagar has remained stable at Rs 300 per sq.ft since the 2023 revision, with no changes recorded in previous revisions for this street. This consistency reflects the current valuation set by the Registration Department's guideline value register.

Guideline values in Perunagar

In Perunagar, seven streets under the Uthiramerur SRO have a 2024 guideline value ranging from Rs 134 to Rs 600 per sq.ft, with a median value of Rs 201 per sq.ft. Sri Balaji Nagar's 2024 figure of Rs 300 per sq.ft is above this median.

• Sri Balaji Nagar Phase II: Rs 300 per sq.ft (2024)
• Sri Panduranga Nagar: Rs 201 per sq.ft (2024)
• Sri Ramaanchaneyar Nagar: Rs 134 per sq.ft (2024)
• Rds Nagar: Rs 150 per sq.ft (2024)
• Mumoorthi Nagar: Rs 134 per sq.ft (2024)
• Blm World City: Rs 600 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Balaji Nagar?

The Uthiramerur Sub Registrar Office covers Sri Balaji Nagar. The office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Perunagar. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are based on a standardized valuation.

When a property transaction occurs, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications of the transaction, including the applicable fees.

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?

The guideline value for Sri Balaji Nagar has remained at Rs 300 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Balaji Nagar?

Sri Balaji Nagar is classified as Residential Class III Type - III, indicating its designation for residential use.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.