Guideline Value for SRI BALAGANAPATHY GARDEN

Sri Balaganapathy Garden guideline value

The current guideline value of Sri Balaganapathy Garden is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Avaloor village, under the Walajabad SRO, and is classified as Residential Special Type - III.

How the guideline value of Sri Balaganapathy Garden has changed

The guideline value for Sri Balaganapathy Garden has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then changed to Rs 201 per sq.ft in the 2017 revision. This was a decrease of 33%. However, the value rose significantly to Rs 300 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, indicating no change between these two years.

Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from the 2012 revision to the current 2024 revision, the guideline value has remained at Rs 300 per sq.ft, showing a net change of 0% over this period.

Guideline values in Avaloor

Avaloor village has 13 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 450 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Sri Balaganapathy Garden's 2024 figure above that median.

• Sri Sudharshana Garden: Rs 150 per sq.ft (2024)
• S.S Nagar: Rs 200 per sq.ft (2024)
• Sss Nagar: Rs 180 per sq.ft (2024)
• Sudharson Garden: Rs 200 per sq.ft (2024)
• R.V.Nagar: Rs 150 per sq.ft (2024)
• Raghavan Naicker Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaganapathy Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaganapathy Garden?

The Sri Balaganapathy Garden falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Avaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the set guideline value.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with registration requirements. This value helps in establishing a fair transaction and is essential for legal documentation.

Frequently asked questions

What is the current guideline value of Sri Balaganapathy Garden?

The current guideline value of Sri Balaganapathy Garden is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024. There were no figures for the years 2002, 2003, and 2007.

What are the guideline values of other streets in Avaloor?

Other streets in Avaloor have varying guideline values, with rates ranging from Rs 100 to Rs 450 per sq.ft. The median value is Rs 200 per sq.ft, while Sri Balaganapathy Garden's value is above this median.

What are the stamp duty and registration fees for properties in Sri Balaganapathy Garden?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total stamp duty and registration fees would amount to Rs 27,000.

Which office handles property registrations for Sri Balaganapathy Garden?

The Walajabad Sub Registrar Office handles property registrations for Sri Balaganapathy Garden, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.