Guideline Value

Corporate

Guideline Value for SRI BALAJI AVENUE

₹4730/sq.ft.

The guideline value for Sri Balaji Avenue in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 4730 per sq.ft, effective 1 July 2024. It was Rs 4305 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4730 /sq.ft.
From 1-4-2023 ₹4305 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2884 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Balaji Avenue

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Sri Balaji Avenue guideline value

The current guideline value of Sri Balaji Avenue in Paruthipattu village is Rs 4,730 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Mixed Special Type - I land.

How the guideline value of Sri Balaji Avenue has changed

The guideline value for Sri Balaji Avenue has seen several revisions over the years. In the 2017 revision, the value was set at Rs 2,884 per sq.ft. This figure increased significantly to Rs 4,305 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 further increased the value by 10% to Rs 4,730 per sq.ft, resulting in an overall increase of 64% from the 2017 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. Sri Balaji Avenue's current guideline value is above this median.

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 4,730 per sq.ft, the total guideline value would be Rs 47,30,000. The stamp duty at 7% would amount to Rs 3,31,100, and the registration fee at 2% would be Rs 94,600, bringing the total cost for these fees to Rs 4,25,700. 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Sri Balaji Avenue?

The Sub Registrar Office that covers Sri Balaji Avenue is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in government records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both buyers and sellers are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Sri Balaji Avenue?

The current guideline value of Sri Balaji Avenue is Rs 4,730 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,884 per sq.ft in 2017 to Rs 4,730 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification of Sri Balaji Avenue?

Sri Balaji Avenue is classified as Mixed Special Type - I land according to the guidelines set by the Avadi SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Where is the Sub Registrar Office located for Sri Balaji Avenue?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.