Guideline Value for BALAJI GARDEN

Balaji Garden guideline value

The current guideline value of Balaji Garden, located in Thiruninravur-A village under the Avadi SRO, is Rs 750 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - III.

How the guideline value of Balaji Garden has changed

The guideline value for Balaji Garden has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, an increase from Rs 700 per sq.ft in 2023, marking a change of +7%. Prior to this, in 2017, the guideline value was Rs 469 per sq.ft. This indicates a significant increase of +49% from 2017 to 2023 and an overall increase of +60% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which aligns with the current guideline value for Balaji Garden.

• Balaji Avenue: Rs 770 per sq.ft (2024)
• Balaji Nagar: Rs 750 per sq.ft (2024)
• Balaji Nagar Extn: Rs 750 per sq.ft (2024)
• Bajanai Koil St: Rs 440 per sq.ft (2024)
• Balakrishnan Nagar & Streets: Rs 750 per sq.ft (2024)
• Babuji Nagar & St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that the 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 Garden?

The Sub Registrar Office that covers Balaji Garden is 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 details.

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

The guideline value is a crucial factor in the registration of property transactions in Thiruninravur-A. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to determine the applicable fees, ensuring that they are based on a standardized assessment of property worth in the area. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Balaji Garden?

The current guideline value of Balaji Garden is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, reflecting a total increase of +60% over this period.

What is the land classification for Balaji Garden?

Balaji Garden is classified as Residential Class II Type - III, indicating its designation for residential use.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 7,50,000. The stamp duty at 7% is Rs 52,500, and the registration fee at 2% is Rs 15,000, totaling Rs 67,500.

Where is the Sub Registrar Office for Balaji Garden 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.