Guideline Value

Corporate

Guideline Value for BALFOUR AVENUE

₹8800/sq.ft.

The guideline value for Balfour Avenue in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
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)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Balfour Avenue

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Balfour Avenue guideline value

The current guideline value of Balfour Avenue, located in Purasaivakkam village, is Rs 8,800 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street falls under the Purasaivakkam SRO and is classified as Residential Class I Type - II.

How the guideline value of Balfour Avenue has changed

The guideline value of Balfour Avenue has seen significant changes over the years. In the 2007 revision, the value was Rs 3,000 per sq.ft, which increased to Rs 8,000 per sq.ft in the 2012 revision. However, there was a decrease to Rs 5,360 per sq.ft in the 2017 revision. The value then rose to Rs 8,000 per sq.ft in the 2023 revision, and most recently, it has increased to Rs 8,800 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. Balfour Avenue's 2024 guideline value of Rs 8,800 per sq.ft is above this median.

Stamp duty and registration fee for property in Balfour Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. It is important to note that the 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 Balfour Avenue?

The Sub Registrar Office that covers Balfour Avenue is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the registration process.

When a property is sold, the guideline value helps in assessing the fair value of the property for taxation purposes. This ensures that both parties are aware of the financial implications of the transaction, as the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Balfour Avenue?

The current guideline value of Balfour Avenue is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 3,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 193% over this period.

What is the land classification of Balfour Avenue?

Balfour Avenue is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Balfour Avenue?

The registration office for Balfour Avenue is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Balfour Avenue?

The stamp duty for properties in Balfour Avenue is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.