Guideline Value for SRI BALAJI AVENUE

Sri Balaji Avenue guideline value

The current guideline value of Sri Balaji Avenue is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Meyur village under the Oothukkottai Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Sri Balaji Avenue has changed

The guideline value for Sri Balaji Avenue has seen several revisions over the years. The oldest revision on record is from 2017, where the value was Rs 54 per sq.ft. This figure increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, representing an overall increase of 85% from the 2017 figure to the 2024 figure. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2023 to 2024, the guideline value remained unchanged at Rs 100 per sq.ft, indicating a 0% change during this period. Overall, from 2017 to 2024, the guideline value has increased by 85%.

Guideline values in Meyur

In Meyur village, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with the median being Rs 100 per sq.ft. Sri Balaji Avenue's 2024 guideline value is equal to this median.

• Sri Muthappa Nagar: Rs 150 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 100 per sq.ft (2024)
• Rv Nagar: Rs 100 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 100 per sq.ft (2024)
• Vijayalakshmi Nagar -Ext: Rs 100 per sq.ft (2024)
• Vijayalakshmi Nagar-Phas-II: Rs 100 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 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, totaling Rs 9,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Avenue?

Sri Balaji Avenue is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Meyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Sri Balaji Avenue?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 54 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, representing an overall increase of 85% from 2017 to 2024.

What is the land classification for Sri Balaji Avenue?

Sri Balaji Avenue is classified as Residential Class I Type - I, indicating its designation for residential development.

What are the stamp duty and registration fees for properties in Sri Balaji Avenue?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot valued at Rs 1,00,000, the total fees would amount to Rs 9,000.

Which office handles the registration for Sri Balaji Avenue?

The Oothukkottai Sub Registrar Office handles the registration for Sri Balaji Avenue, located near the government hospital in Uthukottai, 602026, Chennai registration zone.