Guideline Value for SRI BALAJI AVENUE PHASE II

Sri Balaji Avenue Phase II guideline value

The current guideline value of Sri Balaji Avenue Phase II is Rs 100 per sq.ft. This property is located in Kattur village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Balaji Avenue Phase II has changed

The guideline value for Sri Balaji Avenue Phase II has undergone several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 100 per sq.ft. The most recent revision in 2024 confirmed the guideline value at Rs 100 per sq.ft, reflecting no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kattur

In Kattur village, there are 11 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Sri Balaji Avenue Phase II's 2024 figure matches this median.

• Sri Balaji Avenue: Rs 100 per sq.ft (2024)
• Sri Ayyanar Colony: Rs 100 per sq.ft (2024)
• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Vari Avenue: Rs 100 per sq.ft (2024)
• Santhosam Nagar: Rs 100 per sq.ft (2024)
• Om Enterprises: Rs 100 per sq.ft (2024)

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

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, resulting in a total of 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 Phase II?

The Sub Registrar Office that covers Sri Balaji Avenue Phase II is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies in the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Sri Balaji Avenue Phase II was Rs 67 per sq.ft in 2017 and increased to Rs 100 per sq.ft in 2023 and 2024, showing a 49% increase from 2017 to 2024.

What are the other streets in Kattur with the same guideline value?

Other streets in Kattur under the Ponneri SRO also have a guideline value of Rs 100 per sq.ft in 2024, including Sri Ayyanar Colony, Sri Balaji Nagar, Sri Vari Avenue, Santhosam Nagar, and Om Enterprises.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more details, you can use the online tool to find your SRO.