Guideline Value for SREE BALAJI AVENUE

Sree Balaji Avenue guideline value

The current guideline value of Sree Balaji Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur C village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sree Balaji Avenue has changed

According to the guideline value register, there is no figure available for Sree Balaji Avenue for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,200 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,200 per sq.ft, indicating a 0% change between these two years.

Thus, the guideline value for Sree Balaji Avenue has been consistent at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions.

Guideline values in Sriperumbudur C

In Sriperumbudur C, there are 63 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 720 per sq.ft. Sree Balaji Avenue's guideline value of Rs 1,200 per sq.ft is above this median.

• Shri Guru Ganesh Avenue: Rs 1,200 per sq.ft (2024)
• Santhana Ganapathi Nagar: Rs 720 per sq.ft (2024)
• R K Avenue Part II: Rs 2,000 per sq.ft (2024)
• R K Avenue Part I: Rs 2,000 per sq.ft (2024)
• Temple Town: Rs 1,350 per sq.ft (2024)
• Ramesh Nagar Part II: Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Balaji Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on the fees applicable to your property transaction.

Which Sub Registrar Office covers Sree Balaji Avenue?

The Sub Registrar Office covering Sree Balaji Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Sriperumbudur C. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay during the registration process.

When a property is sold, the guideline value helps determine the minimum value on which these fees are calculated, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sree Balaji Avenue?

The current guideline value of Sree Balaji Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sree Balaji Avenue has been Rs 1,200 per sq.ft since the 2023 revision and remains the same in the 2024 revision, showing no change between these two years.

What is the land classification of Sree Balaji Avenue?

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

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 1,200 per sq.ft incurs total fees of Rs 1,08,000.

Where is the Sub Registrar Office located for Sree Balaji Avenue?

The Sub Registrar Office for Sree Balaji Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.