Guideline Value for BALAJI 3RD CROSS ST

Balaji 3rd Cross St guideline value

The current guideline value of Balaji 3rd 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 3rd Cross St has changed

The guideline value for Balaji 3rd Cross St has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. In 2023, the value increased to Rs 1,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,310 per sq.ft.

Between these revisions, the changes were significant. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The value then increased by 9% from 2023 to 2024, resulting in 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, with a median value of Rs 935 per sq.ft. The guideline value for Balaji 3rd Cross St is above this median.

• Balaji 2nd Cross St: Rs 1,310 per sq.ft (2024)
• Balaji 1st 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 3rd 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 these fees would be Rs 1,17,900. Please note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Balaji 3rd Cross St?

The Sub Registrar Office that covers Balaji 3rd 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 an essential factor during property transactions in Vilingiyambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

When a property is sold, the guideline value is used to assess stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value of Balaji 3rd Cross St?

The current guideline value of Balaji 3rd 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 back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What is the land classification for Balaji 3rd Cross St?

Balaji 3rd Cross St is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 13,10,000, the stamp duty would be Rs 91,700 and the registration fee would be Rs 26,200, totaling Rs 1,17,900.

Which office handles property registrations for Balaji 3rd Cross St?

The Avadi Sub Registrar Office handles property registrations for Balaji 3rd Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.