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Guideline Value

Corporate

Guideline Value for Sri Ganesh Balaji Avenue

₹440/sq.ft.

The guideline value for Sri Ganesh Balaji Avenue in Palavayal village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavayal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Ganesh Balaji Avenue

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Sri Ganesh Balaji Avenue guideline value

The current guideline value of Sri Ganesh Balaji Avenue is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Palavayal village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Ganesh Balaji Avenue has changed

The guideline value for Sri Ganesh Balaji Avenue has seen several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 400 per sq.ft, and the most recent revision in 2024 has set the value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 47%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Palavayal

In Palavayal, there are 22 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 1,200 per sq.ft, with the median value being Rs 440 per sq.ft. Sri Ganesh Balaji Avenue's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in Sri Ganesh Balaji Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganesh Balaji Avenue?

The Sub Registrar Office that covers Sri Ganesh Balaji Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Palavayal. It helps determine the stamp duty and registration fees that are applicable, ensuring that the transaction is in compliance with local regulations.

When a property is registered, the guideline value is considered to establish the official value of the property, which may influence the overall transaction. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning for their property transactions.

Frequently asked questions

What is the current guideline value of Sri Ganesh Balaji Avenue?

The current guideline value of Sri Ganesh Balaji Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with various revisions in between, including a decrease to Rs 268 per sq.ft in 2017.

What is the registration office for properties in Palavayal?

The registration office for properties in Palavayal is the Redhills Sub Registrar Office, located on Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Sri Ganesh Balaji Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800.

What is the land classification of Sri Ganesh Balaji Avenue?

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