Guideline Value for Sri Balaji Nagar Adithi Avenue

Sri Balaji Nagar Adithi Avenue guideline value

The current guideline value of Sri Balaji Nagar Adithi Avenue is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village under the Kunrathur SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Sri Balaji Nagar Adithi Avenue has changed

In the 2017 revision, the guideline value was Rs 1,273 per sq.ft. This figure increased significantly to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision shows a further increase to Rs 2,090 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which is equal to the current guideline value for Sri Balaji Nagar Adithi Avenue.

• Sri Balaji Nagar: Rs 2,090 per sq.ft (2024)
• Sri Dhanalakshmi Avenue: Rs 2,090 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 2,090 per sq.ft (2024)
• Sri Krishna Nagar: Rs 2,090 per sq.ft (2024)
• Soosaiya Nagar: Rs 2,090 per sq.ft (2024)
• Solar Estate: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Nagar Adithi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Balaji Nagar Adithi Avenue?

The Sri Balaji Nagar Adithi Avenue is covered by the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Noombal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the higher of the guideline value or the sale price is taken into account for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar Adithi Avenue?

The current guideline value of Sri Balaji Nagar Adithi Avenue is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the guideline value of Rs 2,090 per sq.ft, the total guideline value is Rs 20,90,000. The stamp duty would be Rs 1,46,300 and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

Which office handles registrations for Sri Balaji Nagar Adithi Avenue?

The Kunrathur Sub Registrar Office handles registrations for Sri Balaji Nagar Adithi Avenue, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sri Balaji Nagar Adithi Avenue?

Sri Balaji Nagar Adithi Avenue is classified as Residential Special Type - I, which indicates its intended use for residential purposes.