Guideline Value

Corporate

Guideline Value for Balakrishna Avenue

₹1600/sq.ft.

The guideline value for Balakrishna Avenue in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Balakrishna Avenue

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Balakrishna Avenue guideline value

The current guideline value of Balakrishna Avenue is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Balakrishna Avenue has changed

Over the years, the guideline value for Balakrishna Avenue has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a guideline value for 2024 ranging from Rs 850 to Rs 6,700 per sq.ft. The median value is Rs 2,200 per sq.ft, indicating that Balakrishna Avenue's 2024 figure is below this median.

Stamp duty and registration fee for property in Balakrishna Avenue

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

Which Sub Registrar Office covers Balakrishna Avenue?

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

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

The guideline value is a crucial factor during property transactions in Chembakkam, as it determines the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will use the guideline value to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to understand that the guideline value may differ from the actual sale price. The registration process requires that the higher of the two values is used for calculating the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Balakrishna Avenue?

The current guideline value of Balakrishna Avenue 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 1,600 per sq.ft in 2024, with various revisions in between, including a drop to Rs 1,005 per sq.ft in 2017.

What is the registration office for Balakrishna Avenue?

The registration office for Balakrishna Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in Balakrishna Avenue?

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

What is the land classification for Balakrishna Avenue?

The land classification for Balakrishna Avenue is Residential Class II Type - I, indicating its designation for residential use.