Guideline Value for Balaji Avenue

Balaji Avenue guideline value

The current guideline value of Balaji Avenue is Rs 1,100 per sq.ft, as per the 2023 revision. This street is located in Ayyencheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Balaji Avenue has changed

The guideline value for Balaji Avenue has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 611 per sq.ft. This increased to Rs 1,100 per sq.ft in the 2012 revision, marking an increase of approximately 80%. However, in the 2017 revision, the value dropped to Rs 737 per sq.ft, which was a decrease of 33%. The most recent revision in 2023 saw the value rise again to Rs 1,100 per sq.ft, reflecting a significant increase of 49% from the 2017 figure. Overall, from 2007 to 2023, the guideline value has increased by 80%.

It is important to note that the guideline value register does not have figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Balaji Avenue is part of the residential areas covered by the Gooduvancheri SRO.

Stamp duty and registration fee for property in Balaji Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty is charged at 7%, which totals Rs 77,000, and the registration fee is charged at 2%, amounting to Rs 22,000. Together, the total fees would be Rs 99,000. It is important to 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 accurate calculations.

Which Sub Registrar Office covers Balaji Avenue?

The Sub Registrar Office that covers Balaji Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Avenue?

The current guideline value of Balaji Avenue is Rs 1,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 611 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2012, then decreased to Rs 737 per sq.ft in 2017, and finally returned to Rs 1,100 per sq.ft in 2023.

What is the land classification for Balaji Avenue?

The land classification for Balaji Avenue is Residential Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

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

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 99,000, including stamp duty and registration fees.