Guideline Value for Hari Krishna Nagar Balaji Avenue

Hari Krishna Nagar Balaji Avenue guideline value

The current guideline value of Hari Krishna Nagar Balaji Avenue is Rs 806 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Hari Krishna Nagar Balaji Avenue has changed

The guideline value for Hari Krishna Nagar Balaji Avenue has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which decreased by 33% to Rs 402 per sq.ft in 2017. The value then saw a significant increase of 100% to Rs 806 per sq.ft in 2023, and it remained unchanged in the 2024 revision.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 reflects an increase of 34% in the guideline value.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, placing the 2024 figure for Hari Krishna Nagar Balaji Avenue below this median.

• Hari Krishna Nagar: Rs 806 per sq.ft (2024)
• Hari Krishna Nagar M.R.P. Avenue: Rs 806 per sq.ft (2024)
• Hemalakshmi Nagar: Rs 803 per sq.ft (2024)
• Hemalakshmi Street (Ashok Nagar): Rs 806 per sq.ft (2024)
• I.A.F. Road: Rs 805 per sq.ft (2024)
• Grace Avenue: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Hari Krishna Nagar Balaji Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value would be Rs 8,06,000. The stamp duty at 7% would amount to Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total to Rs 72,540. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hari Krishna Nagar Balaji Avenue?

The Sub Registrar Office that covers Hari Krishna Nagar Balaji Avenue is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value of Hari Krishna Nagar Balaji Avenue?

The current guideline value of Hari Krishna Nagar Balaji Avenue is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 600 per sq.ft to Rs 806 per sq.ft in 2024, reflecting an overall increase of 34% over this period.

What is the land classification for Hari Krishna Nagar Balaji Avenue?

Hari Krishna Nagar Balaji Avenue is classified as Residential Class III Type - I under the guideline value register.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Hari Krishna Nagar Balaji Avenue is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,06,000, the total fees would amount to Rs 72,540.