Guideline Value

Corporate

Guideline Value for sri balaji nagar

₹720/sq.ft.

The guideline value for Sri Balaji Nagar in Serapanancheri village (Padappai SRO, Chennai zone) is Rs 720 per sq.ft, effective 1 July 2024. It was Rs 650 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Serapanancheri

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹720 /sq.ft.
From 1-4-2023 ₹650 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹435 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Serapanancheri village under the Padappai Sub Registrar Office (SRO), is Rs 720 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Balaji Nagar has changed

The guideline value for Sri Balaji Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 435 per sq.ft, which increased to Rs 650 per sq.ft in the 2023 revision. The most recent revision in 2024 saw a further increase to Rs 720 per sq.ft, marking an overall change of 66% from the 2017 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2023 revision to the 2024 revision, there was an increase of 11%. The substantial increase from 2017 to 2023 was 49%, reflecting the changes in the real estate landscape in the area during that period.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,440 per sq.ft. The median guideline value for these streets is Rs 720 per sq.ft, which is equal to the current value of Sri Balaji Nagar.

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 720 per sq.ft, the total guideline value would be Rs 7,20,000. The stamp duty at 7% would amount to Rs 50,400, and the registration fee at 2% would be Rs 14,400, making the total cost for these fees Rs 64,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Balaji Nagar?

Sri Balaji Nagar falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Sri Balaji Nagar and the surrounding areas. When buying or selling property, this value is used to determine the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost involved in property transactions. This ensures transparency and helps in maintaining a standard procedure during the registration process.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 435 per sq.ft in 2017 to Rs 720 per sq.ft in 2024, marking an overall increase of 66% over this period.

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

For a property valued at Rs 7,20,000, the stamp duty would be Rs 50,400 and the registration fee would be Rs 14,400, totaling Rs 64,800.

Which office handles registrations for Sri Balaji Nagar?

The Padappai Sub Registrar Office is responsible for handling registrations for Sri Balaji Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai.

How is the guideline value determined for properties in Serapanancheri?

The guideline value is determined based on various factors and is updated periodically. It serves as a reference point for calculating stamp duty and registration fees during property transactions.