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Guideline Value

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Guideline Value for BALAJI NAGAR EXTN

₹770/sq.ft.

The guideline value for Balaji Nagar Extn in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
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 Nagar Extn

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Balaji Nagar Extn guideline value

The current guideline value of Balaji Nagar Extn is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Balaji Nagar Extn has changed

The guideline value for Balaji Nagar Extn has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, an increase from Rs 700 per sq.ft in 2023, reflecting a change of +10%. Prior to that, the 2017 revision listed the value at Rs 469 per sq.ft, marking a significant increase of +49% to the 2023 figure. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by +64%. This demonstrates a consistent rise in the guideline value over the years, culminating in the current figure of Rs 770 per sq.ft.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Balaji Nagar Extn.

Stamp duty and registration fee for property in Balaji Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty, charged at 7%, would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar Extn?

The Sub Registrar Office that covers Balaji Nagar Extn 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 information.

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 government receives appropriate revenue from stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Balaji Nagar Extn?

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

How has the guideline value changed in recent years?

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

What is the land classification for Balaji Nagar Extn?

Balaji Nagar Extn is classified as Residential Class II Type - III, which indicates its suitability for residential development.

Where is the Avadi Sub Registrar Office 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.

How is stamp duty calculated for properties in Balaji Nagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,70,000 would incur a stamp duty of Rs 53,900 at the rate of 7%.