Guideline Value for SRI BALAJI AVENUE

Sri Balaji Avenue guideline value

The current guideline value of Sri Balaji Avenue in Kattur village is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Balaji Avenue has changed

The guideline value for Sri Balaji Avenue has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which set the value at Rs 67 per sq.ft. This value increased to Rs 100 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, resulting in a total increase of 49% from 2017 to 2023 and from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the changes recorded are solely between the years 2017, 2023, and 2024, with no data available for the intervening years.

Guideline values in Kattur

In Kattur village, there are 11 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also at Rs 100 per sq.ft. Sri Balaji Avenue's 2024 figure matches this median.

• Sri Balaji Avenue Phase II: Rs 100 per sq.ft (2024)
• Sri Ayyanar Colony: Rs 100 per sq.ft (2024)
• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Vari Avenue: Rs 100 per sq.ft (2024)
• Santhosam Nagar: Rs 100 per sq.ft (2024)
• Om Enterprises: 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 amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, and the registration fee at 2% amounts to Rs 2,000. Therefore, the total fees together come to Rs 9,000. 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?

The Sub Registrar Office that covers Sri Balaji Avenue is 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 Kattur

The guideline value is a crucial factor in the registration process for property transactions in Kattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the financial obligations related to the transaction. It is important for buyers and sellers to be aware of the current guideline value to understand the costs involved in the registration 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 increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase over this period.

Are there any years without a recorded guideline value for Sri Balaji Avenue?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Sri Balaji Avenue.

What is the stamp duty for property in Sri Balaji Avenue?

The stamp duty for property in Sri Balaji Avenue is charged at 7% of the guideline value or sale price, whichever is higher.

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

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