Guideline Value for Balachandra Avenue 2nd Street

Balachandra Avenue 2nd Street guideline value

The current guideline value of Balachandra Avenue 2nd Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Balachandra Avenue 2nd Street has changed

The guideline value for Balachandra Avenue 2nd Street has seen several revisions over the years. The oldest available figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 1,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has increased by 7%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. Balachandra Avenue 2nd Street's 2024 figure is below this median.

• Balachandra Avenue 1st Street: Rs 1,600 per sq.ft (2024)
• Balachandra Avenue 3rd Street: Rs 1,600 per sq.ft (2024)
• Balachandra Avenue: Rs 1,600 per sq.ft (2024)
• Bajanai Koil Street: Rs 2,400 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 2,400 per sq.ft (2024)
• Bajanai Koil 2nd Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Balachandra Avenue 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. Note that the 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 information.

Which Sub Registrar Office covers Balachandra Avenue 2nd Street?

The Sub Registrar Office that covers Balachandra Avenue 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor when registering property transactions in Rajakilpakkam. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the property transfer process.

Frequently asked questions

What is the current guideline value of Balachandra Avenue 2nd Street?

The current guideline value of Balachandra Avenue 2nd Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft in 2024.

What is the land classification for Balachandra Avenue 2nd Street?

Balachandra Avenue 2nd Street is classified as Residential Class II Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Balachandra Avenue 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at 7%.