Guideline Value

Corporate

Guideline Value for BALAJI AVENUE

₹1310/sq.ft.

The guideline value for Balaji Avenue in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1310 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1310 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹234 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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

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Balaji Avenue guideline value

The current guideline value of Balaji Avenue is Rs 1,310 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO, classified as Residential Class III Type - I.

How the guideline value of Balaji Avenue has changed

The guideline value for Balaji Avenue has seen several revisions over the years. The earliest recorded value was Rs 234 per sq.ft in 2003, which increased to Rs 350 per sq.ft in 2007. The value then rose significantly to Rs 1,200 per sq.ft in 2012, but decreased to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,200 per sq.ft in 2023 and reached Rs 1,310 per sq.ft in 2024. The register has no figure for this street in 2002.

Between the revisions, there have been notable changes. From 2003 to 2007, the value increased by 50%. However, from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023, and from 2023 to 2024, it rose by 9%. Overall, from 2003 to 2024, the guideline value has increased by 460%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, making Balaji Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Balaji Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,310 per sq.ft, the guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, totaling Rs 1,17,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Balaji Avenue?

The Sub Registrar Office that covers 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, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vilingiyambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Balaji Avenue?

The current guideline value of Balaji Avenue 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 234 per sq.ft in 2003 to Rs 1,310 per sq.ft in 2024, with several revisions in between. Notably, it increased by 49% from 2017 to 2023 and by 9% from 2023 to 2024.

What is the land classification for Balaji Avenue?

Balaji Avenue is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

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

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Balaji Avenue?

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