Guideline Value for Balaji Avenue

Balaji Avenue guideline value

The current guideline value of Balaji Avenue is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village, under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Balaji Avenue has changed

In the 2017 revision, the guideline value for Balaji Avenue was Rs 804 per sq.ft. It increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 62%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO carrying a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value is Rs 1,300 per sq.ft, which is equal to the guideline value of Balaji Avenue.

• Balaji Nagar: Rs 1,300 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Balaji Street: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Bharthidasan Street: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Elango Nagar: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Thiruvaluvar Steet: Rs 1,300 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Avenue?

The Sub Registrar Office that covers Balaji Avenue is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is an essential factor during property registration in 44.Ayanambakkam. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to understand their financial obligations 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 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024, marking a total increase of 62% over this period.

What is the land classification of Balaji Avenue?

Balaji Avenue is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Balaji Avenue is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Balaji Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,300 per sq.ft, the total guideline value is Rs 13,00,000, leading to a stamp duty of Rs 91,000.