Guideline Value for SRI BALAJI AVENUE PART-IV

Sri Balaji Avenue Part-IV guideline value

The current guideline value of Sri Balaji Avenue Part-IV is Rs 100 per sq.ft. This street is located in Peranakavoor village, under the Salavakkam SRO, and is classified as Residential Class II Type - I.

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

The guideline value for Sri Balaji Avenue Part-IV has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision set the value at Rs 47 per sq.ft, indicating a significant increase of 113% from 2017 to 2023. The 2012 revision had a guideline value of Rs 70 per sq.ft, which reflects a decrease of 33% when compared to the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 43%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Peranakavoor

In Peranakavoor, there are 9 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 102 per sq.ft. The median value for these streets is Rs 100 per sq.ft, which is equal to the 2024 figure for Sri Balaji Avenue Part-IV.

• Sri Balaji Avenue Part-II: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue Part-I: 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-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total 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, bringing the total charges to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Sri Balaji Avenue Part-IV 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peranakavoor. It determines the minimum value at which the property must be registered, ensuring that the transaction is documented at a fair value as per government standards.

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

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 100 per sq.ft from 2023 to 2024. It increased from Rs 47 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, showing a significant rise of 113%.

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

Sri Balaji Avenue Part-IV is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for this area?

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

How is the stamp duty calculated for property in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft would incur a total stamp duty of Rs 7,000.