Guideline Value for SRI BALAJI AVENUE

Sri Balaji Avenue guideline value

The current guideline value of Sri Balaji Avenue in Palur-A village is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Balaji Avenue has changed

In the 2017 revision, the guideline value for Sri Balaji Avenue was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 400 per sq.ft. The latest revision in 2024 also holds the guideline value at Rs 400 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the change is also +49%, as the value remained stable at Rs 400 per sq.ft from 2023 to 2024.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the guideline value of Sri Balaji Avenue.

• Sri Astalakshmi Town Ship Phase- IV: Rs 502 per sq.ft (2024)
• Sri Astalakshmi Township: Rs 150 per sq.ft (2024)
• Sri Sai Ram Nagar: Rs 400 per sq.ft (2024)
• Sri Seshadri Garden Guna Nagar: Rs 400 per sq.ft (2024)
• Sri Seshadri Garden Pasupathi Nagar: Rs 400 per sq.ft (2024)
• Sri Sheshatari Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. It is important to note that the 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?

Sri Balaji Avenue is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Palur-A

The guideline value plays a crucial role during the registration of property transactions in Palur-A. It is used to determine the stamp duty and registration fees that must be paid, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction. It helps to ensure transparency and fairness in the registration process, as the fees are calculated based on this established value.

Frequently asked questions

What is the current guideline value of Sri Balaji Avenue?

The current guideline value of Sri Balaji Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Balaji Avenue was Rs 268 per sq.ft in 2017, increased to Rs 400 per sq.ft in both 2023 and 2024, showing a 49% increase from 2017 to 2024.

What is the land classification of Sri Balaji Avenue?

Sri Balaji Avenue is classified as Residential Special Type - I under the Chengleput Joint II SRO.

What are the other streets in Palur-A with their guideline values?

In Palur-A, other streets include Sri Astalakshmi Town Ship Phase- IV at Rs 502 per sq.ft, Sri Astalakshmi Township at Rs 150 per sq.ft, and several others at Rs 400 per sq.ft.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the find your SRO page.