Guideline Value

Corporate

Guideline Value for BALAJI 2ND CROSS ST

₹1310/sq.ft.

The guideline value for Balaji 2nd Cross St in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1310 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1310 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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 Balaji 2nd Cross St

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Balaji 2nd Cross St guideline value

The current guideline value of Balaji 2nd 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 2nd Cross St has changed

The guideline value for Balaji 2nd Cross St has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following that, the value increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to the current rate of Rs 1,310 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, the changes are notable. From 2017 to 2023, there was a 49% increase, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value in this village is Rs 935 per sq.ft, placing Balaji 2nd Cross St above this median.

Stamp duty and registration fee for property in Balaji 2nd 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, bringing the total to Rs 1,17,900. 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 further calculations.

Which Sub Registrar Office covers Balaji 2nd Cross St?

The Avadi Sub Registrar Office covers Balaji 2nd Cross St. The address is 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 during the registration process when buying or selling property in Vilingiyambakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji 2nd Cross St?

The current guideline value of Balaji 2nd 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What are the other streets in Vilingiyambakkam with the same guideline value?

Other streets in Vilingiyambakkam with the same guideline value of Rs 1,310 per sq.ft include Balaji 1st Cross St, Balaji 3rd Cross St, Balaji Avenue, Balaji Nagar, and Bakthavachalam St.

What is the registration fee for property in Balaji 2nd Cross St?

The registration fee for property in Balaji 2nd Cross St is calculated at 2% of the guideline value. For a property valued at Rs 13,10,000, the registration fee would be Rs 26,200.

Where can I find the Sub Registrar Office for Balaji 2nd Cross St?

The Sub Registrar Office for Balaji 2nd Cross St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.