Guideline Value for Balaji Avenue

Balaji Avenue guideline value

The current guideline value of Balaji Avenue is Rs 505 per sq.ft, effective from 1 July 2024. This street is located in Orathur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Balaji Avenue has changed

The guideline value for Balaji Avenue has seen significant changes over the years. In the 2017 revision, the value was set at Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in the 2023 revision, marking a substantial rise of 49%. The latest revision in 2024 has further increased the value to Rs 505 per sq.ft, reflecting a 1% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 51%.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO with 2024 guideline values ranging from Rs 335 to Rs 1,700 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Balaji Avenue's 2024 figure above this median.

• Balaji Nagar: Rs 505 per sq.ft (2024)
• Babu Nagar: Rs 505 per sq.ft (2024)
• Ashok Nagar: Rs 400 per sq.ft (2024)
• Arthanareeswarar Nagar: Rs 400 per sq.ft (2024)
• Ambal Nagar: Rs 400 per sq.ft (2024)
• Adhithya Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 505 per sq.ft, the total guideline value amounts to Rs 5,05,000. The stamp duty at 7% would be Rs 35,350, and the registration fee at 2% would be Rs 10,100, bringing the total charges to Rs 45,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Avenue?

The Sub Registrar Office covering 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 specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Orathur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Avenue?

The current guideline value of Balaji Avenue is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 505 per sq.ft in 2024, marking an overall increase of 51% over these years.

Is there a guideline value for Balaji Avenue in previous revisions?

Yes, the guideline values for Balaji Avenue in previous revisions are as follows: Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the median guideline value for streets in Orathur?

The median guideline value for streets in Orathur is Rs 500 per sq.ft, with Balaji Avenue's 2024 figure being above this median.

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

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