Guideline Value for Sri Balaji Nagar

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar, located in Ammayarkuppam village, is Rs 260 per sq.ft, effective from 1 July 2024. This area falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Balaji Nagar has changed

The guideline value register shows that there has been no figure recorded for Sri Balaji Nagar in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value at Rs 260 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 revision to the 2024 revision, there was a change of +0%. Thus, the current guideline value of Rs 260 per sq.ft remains consistent with previous revisions for this street.

Guideline values in Ammayarkuppam

Ammayarkuppam village has a total of 43 streets under the Ramakrishna Rajupettai SRO, with the 2024 guideline values ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, which is equal to the guideline value of Sri Balaji Nagar.

• Sornamabigai Koil St: Rs 241 per sq.ft (2024)
• Siruthondar St: Rs 260 per sq.ft (2024)
• Seshappa St: Rs 260 per sq.ft (2024)
• Selva Vinayagar Koil St: Rs 260 per sq.ft (2024)
• Subramaniya Swamy Koil St: Rs 260 per sq.ft (2024)
• Saravanan St: Rs 260 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 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total cost for these fees to Rs 23,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Nagar?

The Sri Balaji Nagar area is covered by the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ammayarkuppam. It serves as a benchmark for determining the minimum value of properties, which helps in calculating the stamp duty and registration fees during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall transaction costs. Buyers and sellers should ensure that the sale price reflects the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Sri Balaji Nagar in the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 260 per sq.ft in both 2023 and 2024 revisions.

What is the land classification for Sri Balaji Nagar?

Sri Balaji Nagar is classified as Residential Class I Type - I under the current guidelines.

Where can I find the Ramakrishna Rajupettai Sub Registrar Office?

The Ramakrishna Rajupettai Sub Registrar Office is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is stamp duty calculated for properties in Sri Balaji Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 2,60,000, the stamp duty would amount to Rs 18,200.