Guideline Value for BALAJI AVENUE

Balaji Avenue guideline value

The current guideline value of Balaji Avenue is Rs 768 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class I Type - II.

How the guideline value of Balaji Avenue has changed

The guideline value of Balaji Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 raised the value further to Rs 768 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, 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-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Balaji Avenue's 2024 figure slightly below this median.

• Balaji Garden: Rs 770 per sq.ft (2024)
• Balaji Nagar: Rs 770 per sq.ft (2024)
• Bajanai Koil St: Rs 440 per sq.ft (2024)
• Balaji Nagar Extn: Rs 770 per sq.ft (2024)
• Babuji Nagar & St: Rs 770 per sq.ft (2024)
• Balakrishnan Nagar & Streets: Rs 770 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 768 per sq.ft, the total guideline value amounts to Rs 7,68,000. The stamp duty at 7% would be Rs 53,760, and the registration fee at 2% would be Rs 15,360, bringing the total cost for these fees to Rs 69,120. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balaji Avenue?

The Sub Registrar Office covering Balaji Avenue is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to understand the financial implications of the transaction. This value helps in assessing the taxes due and can influence negotiation strategies during the sale process.

Frequently asked questions

What is the current guideline value of Balaji Avenue?

The current guideline value of Balaji Avenue is Rs 768 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 768 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the median guideline value for streets in Thiruninravur-B?

The median guideline value for streets in Thiruninravur-B is Rs 770 per sq.ft, with Balaji Avenue's value being slightly below this median.

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

For a property valued at Rs 7,68,000, the stamp duty would be Rs 53,760, and the registration fee would be Rs 15,360, totaling Rs 69,120.

Where is the Sub Registrar Office for Balaji Avenue located?

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