Guideline Value for BALAJI AVENUE

Balaji Avenue guideline value

The current guideline value of Balaji Avenue is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class I Type - II.

How the guideline value of Balaji Avenue has changed

The guideline value for Balaji Avenue has seen significant changes over the years. The oldest available revision is from 2017, where the guideline value was Rs 469 per sq.ft. By the 2023 revision, this value increased to Rs 700 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 770 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Balaji Avenue.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Balaji Avenue's 2024 figure above this median.

• Balaji Garden: Rs 750 per sq.ft (2024)
• Balaji Nagar: Rs 750 per sq.ft (2024)
• Bajanai Koil St: Rs 440 per sq.ft (2024)
• Balaji Nagar Extn: Rs 750 per sq.ft (2024)
• Babuji Nagar & St: Rs 750 per sq.ft (2024)
• Balakrishnan Nagar & Streets: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the 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 Avenue?

Balaji Avenue falls under 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 Thiruninravur-A

The guideline value is a crucial factor when registering property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that all transactions are compliant with local regulations.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Balaji Avenue?

The current guideline value of Balaji Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, an overall increase of 64%.

What are the stamp duty and registration fees for Balaji Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 7,70,000. The stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office covers Balaji Avenue?

Balaji Avenue is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for property transactions. It also influences the calculation of stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.