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, effective from 1 July 2024. This street is located in the village of Uthukkadu - A under the Walajabad SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Balaji Avenue has changed

The guideline value for Sri Balaji Avenue has remained consistent at Rs 771 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, in the 2017 revision, the guideline value was Rs 516 per sq.ft, indicating a significant increase of 49% from 2017 to 2023, and overall, a 49% increase from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, meaning we cannot assess changes during those years.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Sri Balaji Avenue is above this median.

• Sri Akshaya Garden: Rs 400 per sq.ft (2024)
• Sri Hari Nagar: Rs 300 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasima Perumal Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasimma Perumal Nagar: Rs 350 per sq.ft (2024)
• Srinath Nagar: Rs 800 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 be Rs 53,970, and the registration fee at 2% would be Rs 15,420, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Avenue?

Sri Balaji Avenue falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Uthukkadu - A. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property dealings.

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?

The guideline value for Sri Balaji Avenue has seen no change from 2023 to 2024, remaining at Rs 771 per sq.ft. However, from 2017 to 2023, it increased by 49% from Rs 516 per sq.ft.

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 within the area.

What are the guideline values of other streets in Uthukkadu - A?

Other streets in Uthukkadu - A have varying guideline values, with rates ranging from Rs 200 to Rs 800 per sq.ft. For example, Sri Akshaya Garden is valued at Rs 400 per sq.ft, while Srinath Nagar is at Rs 800 per sq.ft.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles the registration of properties in the area.