Guideline Value for SriBalaji Nagar

SriBalaji Nagar guideline value

The current guideline value of SriBalaji Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Koozhangacheri village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of SriBalaji Nagar has changed

The guideline value for SriBalaji Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, with a total change of 0% during this period.

Guideline values in Koozhangacheri

Koozhangacheri village has 47 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value in this village is Rs 226 per sq.ft, which means that the current guideline value for SriBalaji Nagar is above that median.

• Sri Balaji Nagar Phase-I: Rs 250 per sq.ft (2024)
• Sri Ambal Nagar: Rs 300 per sq.ft (2024)
• SriAlamelu Mangapuram: Rs 250 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 250 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 200 per sq.ft (2024)
• Sri Ram Avenue: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in SriBalaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SriBalaji Nagar?

The Sub Registrar Office that covers SriBalaji Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Koozhangacheri, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

When selling a property, the guideline value helps establish a baseline for the sale price. Buyers and sellers often refer to this value to ensure that the transaction complies with local regulations and to understand the financial implications of the sale.

Frequently asked questions

What is the current guideline value of SriBalaji Nagar?

The current guideline value of SriBalaji Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for SriBalaji Nagar has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2023. The value has remained unchanged in the 2024 revision.

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

Other streets in Koozhangacheri include Sri Balaji Nagar Phase-I at Rs 250 per sq.ft, Sri Ambal Nagar at Rs 300 per sq.ft, and several others with varying rates. The guideline values range from Rs 200 to Rs 1,200 per sq.ft.

How is the stamp duty calculated for property in SriBalaji Nagar?

The stamp duty for property in SriBalaji Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500.

Where can I find the Sub Registrar Office for SriBalaji Nagar?

The Sub Registrar Office for SriBalaji Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.