Guideline Value for SRI BALAJI AVENUE

Sri Balaji Avenue guideline value

The current guideline value of Sri Balaji Avenue is Rs 501 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam village under the Ponneri Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Balaji Avenue has changed

In the 2023 revision, the guideline value for Sri Balaji Avenue was Rs 200 per sq.ft. The latest revision in 2024 shows an increase to Rs 501 per sq.ft, marking a significant change of +151%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available for Sri Balaji Avenue are from 2023 and 2024. The substantial hike from Rs 200 to Rs 501 reflects the current valuation as per the latest guidelines.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median value of these streets is Rs 501 per sq.ft, which is equal to the guideline value of Sri Balaji Avenue.

• Sri Amman Nagar: Rs 501 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 501 per sq.ft (2024)
• Sri Krishna Garden: Rs 501 per sq.ft (2024)
• Sri Krishna Residency: Rs 600 per sq.ft (2024)
• Sri Meenal Nagar: Rs 501 per sq.ft (2024)
• Sivagami Nagar: Rs 501 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 501 per sq.ft, the total guideline value amounts to Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, totaling Rs 45,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Balaji Avenue?

Sri Balaji Avenue falls under the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thadaperumbakkam. It serves as a reference point 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 establish a fair price for the transaction, which is essential for both buyers and sellers to understand their financial obligations at the time of registration.

Frequently asked questions

What is the current guideline value of Sri Balaji Avenue?

The current guideline value of Sri Balaji Avenue is Rs 501 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 501 per sq.ft in 2024, reflecting a change of +151%.

What is the land classification for Sri Balaji Avenue?

Sri Balaji Avenue is classified under Residential Class II Type - I land classification.

Which office handles registrations for Sri Balaji Avenue?

The Ponneri Sub Registrar Office handles registrations for Sri Balaji Avenue, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the median guideline value for streets in Thadaperumbakkam?

The median guideline value for streets in Thadaperumbakkam is Rs 501 per sq.ft, which is the same as the guideline value for Sri Balaji Avenue.