Guideline Value for SRI BALAJI AVENUE PART-I

Sri Balaji Avenue Part-I guideline value

The current guideline value of Sri Balaji Avenue Part-I is Rs 100 per sq.ft. This street is located in Peranakavoor village, 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-I has changed

The guideline value for Sri Balaji Avenue Part-I has undergone several revisions over the years. The 2012 revision set the value at Rs 70 per sq.ft, which was then increased to Rs 47 per sq.ft in 2017. Following this, the value rose to Rs 100 per sq.ft in both the 2023 and 2024 revisions, reflecting a significant increase of 113% from 2017 to 2023 and an overall increase of 43% from 2012 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The guideline value has remained stable at Rs 100 per sq.ft from 2023 to 2024, indicating no change during this period.

Guideline values in Peranakavoor

Within Peranakavoor village, there are 9 streets under the Salavakkam SRO that carry a guideline value for 2024, 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 current value for Sri Balaji Avenue Part-I.

• Sri Balaji Avenue Part-II: 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-I

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total cost to Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peranakavoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Sri Balaji Avenue Part-I 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 100 per sq.ft in 2024, with significant changes occurring in 2017 and 2023.

What are the other streets with guideline values in Peranakavoor?

Other streets in Peranakavoor include Sri Balaji Avenue Part-II, Sri Balaji Avenue Part-IV, PoiyaMozhi vinayagar Street, Peranakavur Palla colany, Peranakavur Mettu Colany, and Nandeeswarar Green Land, with values ranging from Rs 100 to Rs 102 per sq.ft in 2024.

What is the stamp duty rate for properties in Sri Balaji Avenue Part-I?

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

Where can I find the Sub Registrar Office for Sri Balaji Avenue Part-I?

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