Guideline Value for Sri Hari balaji nagar

Sri Hari balaji nagar guideline value

The current guideline value for Sri Hari balaji nagar, located in Maakaanyam village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Sri Hari balaji nagar has changed

The guideline value for Sri Hari balaji nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased to Rs 300 per sq.ft, marking a significant increase of 49% from the 2017 figure of Rs 201 per sq.ft. The 2024 revision also maintains the value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value has remained the same, with an overall change of +0%.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Sri Hari balaji nagar is above this median.

• Sri Kalyana Srinivasaperumal koil street: Rs 400 per sq.ft (2024)
• Sri city: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri Murugan City: Rs 300 per sq.ft (2024)
• Sri Nagar: Rs 200 per sq.ft (2024)
• Sri Padmanaba Samy Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Hari balaji nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Hari balaji nagar?

The Sub Registrar Office covering Sri Hari 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 details.

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

The guideline value is a crucial factor when registering property transactions in Maakaanyam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to consider the guideline value as it can affect the overall costs involved in the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the duty is charged on whichever is higher.

Frequently asked questions

What is the current guideline value for Sri Hari balaji nagar?

The current guideline value for Sri Hari 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 has remained at Rs 300 per sq.ft since the 2012 revision, with a notable increase of 49% from Rs 201 per sq.ft in 2017 to 2023. The value did not change from 2023 to 2024.

What is the land classification for Sri Hari balaji nagar?

Sri Hari balaji nagar is classified as Residential Special Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000. This fee is based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sri Hari balaji nagar?

The Sriperumpudur Sub Registrar Office is responsible for handling registrations for Sri Hari balaji nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.