Guideline Value for BALAJI AVENUE (WARD -9)

Balaji Avenue (Ward -9) guideline value

The current guideline value of Balaji Avenue (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This street is located in Kadampur village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Balaji Avenue (Ward -9) has changed

The guideline value for Balaji Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision raised it further to Rs 551 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the change from the 2012 revision to the 2017 revision was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

In Kadampur, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,200 per sq.ft. The median value is Rs 551 per sq.ft, which is equal to the guideline value of Balaji Avenue.

• Chendur Enclave: Rs 737 per sq.ft (2024)
• Chinna Vattamman Kovil Street (Kod): Rs 551 per sq.ft (2024)
• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Coodalur Village (Ward -9): Rs 551 per sq.ft (2024)
• Agraharam (Ward -9): Rs 551 per sq.ft (2024)
• D.V.A.C.Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Avenue (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, amounting to a total of Rs 49,590. 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 Balaji Avenue (Ward -9)?

The Sub Registrar Office that covers Balaji Avenue (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for additional information.

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

The guideline value is an essential factor in the property registration process in Kadampur. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers should be aware of the guideline value to understand the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Balaji Avenue (Ward -9)?

The current guideline value of Balaji Avenue (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification of Balaji Avenue (Ward -9)?

Balaji Avenue (Ward -9) is classified as Residential Class I Type - I.

What are the stamp duty rates for property in Balaji Avenue (Ward -9)?

The stamp duty for property in Balaji Avenue is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balaji Avenue (Ward -9)?

The Chengleput Joint II Sub Registrar Office covers Balaji Avenue (Ward -9) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.