Guideline Value for SRI BALAJI AVENUE

Sri Balaji Avenue guideline value

The current guideline value of Sri Balaji Avenue is Rs 771 per sq.ft. This street is located in Uthukadu-B village and falls under the Walajabad SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sri Balaji Avenue has changed

According to the guideline value register, there are no figures available for Sri Balaji Avenue for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was recorded as Rs 771 per sq.ft in both the 2023 and 2024 revisions, indicating no change from the previous year.

From 2023 to 2024, the guideline value remained constant at Rs 771 per sq.ft, reflecting a change of +0% during this period.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, positioning Sri Balaji Avenue above this median.

• Sri Balamurugan Nagar: Rs 350 per sq.ft (2024)
• Sri Aksaya Garden: Rs 400 per sq.ft (2024)
• Spring Fields: Rs 300 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 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 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420. Together, the total charges would be Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Balaji Avenue?

The Sub Registrar Office that covers Sri Balaji Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value plays a crucial role in the registration process when buying or selling property in Uthukadu-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is compliant with government regulations. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sri Balaji Avenue?

The current guideline value of Sri Balaji Avenue is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Sri Balaji Avenue for the years 2002, 2003, 2007, 2012, and 2017. The guideline value has remained constant at Rs 771 per sq.ft for both the 2023 and 2024 revisions.

What is the land classification for Sri Balaji Avenue?

Sri Balaji Avenue is classified as Residential Class III Type - I, indicating its designation for residential use in the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the guideline value would incur a total of Rs 69,390 in fees.

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

The Walajabad Sub Registrar Office covers Sri Balaji Avenue and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.