Guideline Value for BALAJI STREET (M.T.H.ROAD SOUTHERN SIDE)

Balaji Street (M.T.H.Road Southern Side) guideline value

The current guideline value for Balaji Street (M.T.H.Road Southern Side) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO, classified as Residential Special Type - III.

How the guideline value of Balaji Street (M.T.H.Road Southern Side) has changed

Looking at the revisions, the guideline value for Balaji Street was Rs 1,200 per sq.ft in 2023, which increased to Rs 1,300 per sq.ft in the 2024 revision, marking an 8% rise. Prior to that, the 2017 revision set the value at Rs 804 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value is Rs 988 per sq.ft, placing Balaji Street's 2024 figure above this median.

• Balaji Street Charless Nagar: Rs 1,300 per sq.ft (2024)
• Balaji Street: Rs 1,300 per sq.ft (2024)
• Balavinayagar St, Kakkanji Nagar: Rs 1,300 per sq.ft (2024)
• Bakthavachala Street: Rs 988 per sq.ft (2024)
• Bakthavachala Nagar Main Road: Rs 988 per sq.ft (2024)
• Bakthavachala Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Street (M.T.H.Road Southern Side)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, charged at 7%, would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total cost together to Rs 1,17,000. 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 Street (M.T.H.Road Southern Side)?

The Sub Registrar Office that covers Balaji Street 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 Thandurai

The guideline value is a crucial factor during the registration process of property transactions in Thandurai. It helps determine the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial implications of the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the applicable duties and fees. It is essential for buyers to be informed about the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Street (M.T.H.Road Southern Side)?

The current guideline value of Balaji Street (M.T.H.Road Southern Side) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 1,300 per sq.ft in 2024, up from Rs 1,200 per sq.ft in 2023. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the classification of land on Balaji Street?

The land classification for Balaji Street (M.T.H.Road Southern Side) is Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Balaji Street?

The Sub Registrar Office for Balaji Street is the Avadi Sub Registrar Office, 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 Thandurai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at the rate of 7%.