Guideline Value

Corporate

Guideline Value for BALAJI AVENUE 2ND STREET

₹2200/sq.ft.

The guideline value for Balaji Avenue 2nd Street in Iyyappanthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Iyyappanthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Balaji Avenue 2nd Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Balaji Avenue 2nd Street guideline value

The current guideline value of Balaji Avenue 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Balaji Avenue 2nd Street has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, reflecting a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 2,000 per sq.ft. The most recent revision in 2024 saw the guideline value rise to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for Balaji Avenue 2nd Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value of Balaji Avenue 2nd Street.

Stamp duty and registration fee for property in Balaji Avenue 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Balaji Avenue 2nd Street?

The Sub Registrar Office covering Balaji Avenue 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.

You can find your SRO for more details.

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

When buying or selling property in Iyyappanthangal, the guideline value is used as a benchmark for determining the stamp duty and registration fees. This value is essential for ensuring that the correct fees are applied during the registration process.

It is important to note that the guideline value may not always reflect the actual sale price of the property. Therefore, the higher of the two values will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Balaji Avenue 2nd Street?

The current guideline value of Balaji Avenue 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 figure at Rs 2,000 per sq.ft, decreasing to Rs 1,340 per sq.ft in 2017, and then increasing to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 raised it to Rs 2,200 per sq.ft.

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

Other streets in Iyyappanthangal with the same guideline value of Rs 2,200 per sq.ft include Balaji Avenue 1st Street, Balaji Avenue Main Road, Balaji Avenue V.G.P. 3rd Main Road, Balaji Avenue, Athithanar Nagar Ist Street, and Athithanar Nagar 4th Street.

Where can I find the Sub Registrar Office for Balaji Avenue 2nd Street?

The Sub Registrar Office for Balaji Avenue 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated on properties in Iyyappanthangal?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the correct fees are applied during the registration process.