Guideline Value

Corporate

Guideline Value for Sri Balaji Nagar

₹2000/sq.ft.

The guideline value for Sri Balaji Nagar in Srinivasapuram village (Kunrathur SRO, Chennai zone) is Rs 2000 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Srinivasapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2000 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹96 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Balaji Nagar

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Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar, located in Srinivasapuram village under the Kunrathur SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Balaji Nagar has changed

Over the years, the guideline value of Sri Balaji Nagar has seen significant changes. Starting from the 2003 revision, where the value was Rs 96 per sq.ft, it increased to Rs 400 per sq.ft in 2007. The 2012 revision saw a rise to Rs 1,800 per sq.ft, but this was followed by a decrease to Rs 1,206 per sq.ft in 2017. The value then increased to Rs 1,800 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 2,000 per sq.ft. Notably, there is no figure available for the 2002 revision for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 is an increase of 11%. The most substantial change occurred between 2007 and 2012, where the value surged by 350%. Overall, from 2003 to 2024, the guideline value has increased by 1983%.

Guideline values in Srinivasapuram

In Srinivasapuram village, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,550 to Rs 7,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Sri Balaji Nagar is above this median.

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 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Srinivasapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 96 per sq.ft in 2003 and reaching Rs 2,000 per sq.ft in 2024. The largest increase occurred between 2003 and 2007, with a 317% rise.

What are the other streets in Srinivasapuram with their guideline values?

Other streets in Srinivasapuram include Sri Iyyappan Nagar at Rs 1,550 per sq.ft, Sri Kamatchi Amman Nagar I & II at Rs 2,000 per sq.ft, and Sri Sai Nagar at Rs 3,600 per sq.ft, among others.

What fees are associated with property transactions in Sri Balaji Nagar?

For a property in Sri Balaji Nagar, the stamp duty is 7% and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft property would incur total fees of Rs 1,80,000.

Where can I find the Sub Registrar Office for Sri Balaji Nagar?

The Kunrathur Sub Registrar Office covers Sri Balaji Nagar and is located at No.59, Road Street, Kundrathur, Chennai - 600 069.