Guideline Value for SRI BALA AVENUE

Sri Bala Avenue guideline value

The current guideline value of Sri Bala Avenue is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Thokkamoor village under the Gummidipoondi SRO, and the land classification is Residential Special Type - I.

How the guideline value of Sri Bala Avenue has changed

The guideline value for Sri Bala Avenue has remained consistent at Rs 350 per sq.ft for the 2023 and 2024 revisions. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, from the 2023 revision to the 2024 revision, there has been no percentage change, remaining at Rs 350 per sq.ft. The guideline value has not fluctuated in the recent revisions, indicating stability in the valuation for this street.

Guideline values in Thokkamoor

Currently, there are no specific village figures available for Thokkamoor. Sri Bala Avenue is the only street mentioned in the guideline value register under the Gummidipoondi SRO.

Stamp duty and registration fee for property in Sri Bala Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty is charged at 7%, totaling Rs 24,500, and the registration fee is charged at 2%, amounting to Rs 7,000. Together, the total cost for stamp duty and registration fee is Rs 31,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Bala Avenue?

The Sub Registrar Office that covers Sri Bala Avenue is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thokkamoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Bala Avenue?

The current guideline value of Sri Bala Avenue is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Bala Avenue has remained at Rs 350 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the stamp duty rate for properties in Sri Bala Avenue?

The stamp duty rate for properties in Sri Bala Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gummidipoondi Sub Registrar Office located?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is the registration fee calculated for properties in Sri Bala Avenue?

The registration fee for properties in Sri Bala Avenue is charged at 2% of the guideline value or the sale price, whichever is higher. This fee is in addition to the stamp duty.