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Guideline Value

Corporate

Guideline Value for NEW BALAJI NAGAR AVENUE

₹250/sq.ft.

The guideline value for New Balaji Nagar Avenue in Anupampattu_2 village (Ponneri SRO, Chennai zone) is Rs 250 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a -17% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Anupampattu_2

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on New Balaji Nagar Avenue

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New Balaji Nagar Avenue guideline value

The current guideline value of New Balaji Nagar Avenue is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Anupampattu_2 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of New Balaji Nagar Avenue has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. However, in the 2024 revision, the guideline value decreased to Rs 250 per sq.ft, representing a 17% drop from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 24%. This fluctuation in values highlights the changes in property valuation over the years.

Guideline values in Anupampattu_2

In Anupampattu_2, there are 35 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 500 per sq.ft. The median guideline value in this area is Rs 250 per sq.ft, which is equal to the current value of New Balaji Nagar Avenue.

Stamp duty and registration fee for property in New Balaji Nagar Avenue

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 New Balaji Nagar Avenue?

The Sub Registrar Office that covers New Balaji Nagar Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Anupampattu_2

The guideline value is an essential factor when buying or selling property in Anupampattu_2, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value ensures that the transaction is transparent and reflects a fair valuation of the property. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of New Balaji Nagar Avenue?

The current guideline value of New Balaji Nagar Avenue is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has seen an increase from Rs 201 per sq.ft to Rs 300 per sq.ft in 2023, followed by a decrease to Rs 250 per sq.ft in 2024. Overall, from 2017 to 2024, the value has increased by 24%.

What is the land classification for New Balaji Nagar Avenue?

New Balaji Nagar Avenue is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for New Balaji Nagar Avenue?

The Ponneri Sub Registrar Office covers New Balaji Nagar Avenue, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.