Guideline Value for BALAJI AVENUE

Balaji Avenue guideline value

The current guideline value of Balaji Avenue is Rs 450 per sq.ft, effective from 1 July 2024. This street is located in Kovilkuppam village under the Manavalanagar SRO, classified as Residential Class I Type - II.

How the guideline value of Balaji Avenue has changed

The guideline value for Balaji Avenue has seen several revisions over the years. In 2012, the value was set at Rs 450 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 301 per sq.ft. This was a decrease of 33%. However, the value increased significantly by 50% to Rs 450 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Thus, the only figures available for Balaji Avenue are from 2012, 2017, 2023, and 2024.

Guideline values in Kovilkuppam

In Kovilkuppam, there are 68 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Balaji Avenue's 2024 figure above that median.

• Bala Murugan Nagar: Rs 300 per sq.ft (2024)
• Bhavani Nagar: Rs 350 per sq.ft (2024)
• Brittania Nagar: Rs 300 per sq.ft (2024)
• Annai Rajeswarai Nagar: Rs 300 per sq.ft (2024)
• Chinnasamy Avenue: Rs 300 per sq.ft (2024)
• A.K.N.Nagar Part VII: Rs 375 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 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total fees to Rs 40,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Avenue?

Balaji Avenue falls under the jurisdiction of the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, 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 Kovilkuppam

The guideline value is a crucial factor when registering property transactions in Kovilkuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the registration office uses the guideline value to calculate the applicable duties. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the correct fees are assessed during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Avenue?

The current guideline value of Balaji Avenue is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 450 per sq.ft in 2023 and remained the same in 2024.

Are there any years with no guideline value for Balaji Avenue?

Yes, there are no figures available for the revisions in 2002, 2003, and 2007 for Balaji Avenue.

What is the median guideline value in Kovilkuppam?

The median guideline value for the 68 streets in Kovilkuppam is Rs 350 per sq.ft, with Balaji Avenue's value being above this median.

Where is the Sub Registrar Office for Balaji Avenue located?

The Manavalanagar Sub Registrar Office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.