Guideline Value for SRI BALAJI AVENUE PART-II

Sri Balaji Avenue Part-II guideline value

The current guideline value of Sri Balaji Avenue Part-II is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Peranakavoor village and falls under the Salavakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Balaji Avenue Part-II has changed

The guideline value for Sri Balaji Avenue Part-II has seen several revisions over the years. In 2012, the value was set at Rs 70 per sq.ft, which then increased to Rs 47 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 100 per sq.ft, reflecting a significant increase of 113%. The 2023 revision maintained the value at Rs 100 per sq.ft, and as of the 2024 revision, this figure remains unchanged.

There are no available figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 43%.

Guideline values in Peranakavoor

In Peranakavoor, there are nine streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 102 per sq.ft, with the median value being Rs 100 per sq.ft. Sri Balaji Avenue Part-II's 2024 guideline value is equal to this median.

• Sri Balaji Avenue Part-I: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue Part-IV: Rs 100 per sq.ft (2024)
• PoiyaMozhi vinayagar Street: Rs 101 per sq.ft (2024)
• Peranakavur Palla colany: Rs 102 per sq.ft (2024)
• Peranakavur Mettu Colany: Rs 102 per sq.ft (2024)
• Nandeeswarar Green Land: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Avenue Part-II

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total Rs 9,000. It is important to note that 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.

Which Sub Registrar Office covers Sri Balaji Avenue Part-II?

The Sub Registrar Office that covers Sri Balaji Avenue Part-II is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Peranakavoor. It is primarily used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, the guideline value is considered to ensure that the appropriate fees are collected. This value serves as a benchmark for transactions, helping to maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Sri Balaji Avenue Part-II?

The current guideline value of Sri Balaji Avenue Part-II is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2012 to Rs 47 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remains the same in 2024.

What is the land classification for Sri Balaji Avenue Part-II?

Sri Balaji Avenue Part-II is classified as Residential Class II Type - I.

Where can I find the registration office for Sri Balaji Avenue Part-II?

The registration office for Sri Balaji Avenue Part-II is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Balaji Avenue Part-II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.