Guideline Value

Corporate

Guideline Value for Sri Balaji Nagar

₹330/sq.ft.

The guideline value for Sri Balaji Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /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 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹20 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹189 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Balaji Nagar guideline value

The current guideline value of Sri Balaji Nagar, located in Pammathukulam village, is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Class III 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 the 2002 revision, the guideline value was Rs 189 per sq.ft. This figure changed in 2003 to Rs 20 per sq.ft, a decrease of 89%. The value then increased significantly to Rs 100 per sq.ft in 2007, marking a rise of 400%. Following this, the 2012 revision set the value at Rs 300 per sq.ft, which was a 200% increase. However, in 2017, the value dropped to Rs 201 per sq.ft, a decrease of 33%. The 2023 revision saw another increase to Rs 300 per sq.ft, followed by the current value of Rs 330 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 75%. It is important to note that there are no figures available for the years not mentioned in the register for this street.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. Sri Balaji Nagar's current guideline value is below 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. 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?

Sri Balaji Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammathukulam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a standard value set by the government.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and helps in maintaining an accurate record of property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 189 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 75% over the years.

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

For a 1,000 sq.ft plot valued at Rs 3,30,000, the stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which Sub Registrar Office covers Sri Balaji Nagar?

The Redhills Sub Registrar Office covers Sri Balaji Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value determined in Pammathukulam?

The guideline value in Pammathukulam is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values in the area.