Guideline Value for BALAJI 1ST CROSS ST

Balaji 1st Cross St guideline value

The current guideline value of Balaji 1st Cross St is Rs 1,310 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class III Type - I.

How the guideline value of Balaji 1st Cross St has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, before rising again to Rs 1,310 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The transition from the 2023 to the 2024 revision reflects a 9% increase, leading to an overall increase of 9% from 2012 to 2024.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for the village is Rs 935 per sq.ft, placing Balaji 1st Cross St above this median.

• Balaji 2nd Cross St: Rs 1,310 per sq.ft (2024)
• Balaji 3rd Cross St: Rs 1,310 per sq.ft (2024)
• Balaji Avenue: Rs 1,310 per sq.ft (2024)
• Balaji Nagar: Rs 1,310 per sq.ft (2024)
• Bakthavachalam St: Rs 1,310 per sq.ft (2024)
• Bajanai Koil St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji 1st Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value would be Rs 13,10,000. The stamp duty at 7% would amount to Rs 91,700, and the registration fee at 2% would be Rs 26,200. Together, the total cost for stamp duty and registration would be Rs 1,17,900. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Balaji 1st Cross St?

The Sub Registrar Office that covers Balaji 1st Cross St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vilingiyambakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Balaji 1st Cross St?

The current guideline value of Balaji 1st Cross St is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with a decrease to Rs 804 per sq.ft in 2017, followed by an increase to Rs 1,200 per sq.ft in 2023 and then to Rs 1,310 per sq.ft in 2024.

What is the land classification for Balaji 1st Cross St?

Balaji 1st Cross St is classified as Residential Class III Type - I.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam is Rs 935 per sq.ft, which is below the current guideline value of Balaji 1st Cross St.

Where is the Sub Registrar Office for Balaji 1st Cross St located?

The Sub Registrar Office covering Balaji 1st Cross St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.