Guideline Value for 30 feet Road / Balaji Nagar

30 feet Road / Balaji Nagar guideline value

The current guideline value of 30 feet Road / Balaji Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of 30 feet Road / Balaji Nagar has changed

The guideline value for 30 feet Road / Balaji Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 221 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This marked a 36% increase. The value then surged to Rs 1,407 per sq.ft in 2017, reflecting a remarkable 369% rise. The 2023 revision set the value at Rs 2,099 per sq.ft, a 49% increase from the previous revision.

With the latest 2024 revision, the guideline value has further increased to Rs 2,350 per sq.ft, representing a 12% rise from 2023. Overall, from 2003 to 2024, the guideline value has increased by 963%. It is important to note that the register has no figures for the years 2002 and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing the 2024 figure for 30 feet Road / Balaji Nagar above this median.

• 200 Feet Road (Byepass Road): Rs 2,310 per sq.ft (2024)
• Yadhaval Street Lane: Rs 1,320 per sq.ft (2024)
• Yadawal Street: Rs 1,760 per sq.ft (2024)
• West Ratha Veethi: Rs 1,760 per sq.ft (2024)
• VOC Street: Rs 1,760 per sq.ft (2024)
• VOC Nagar 2nd Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in 30 feet Road / Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, totaling Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers 30 feet Road / Balaji Nagar?

The 30 feet Road / Balaji Nagar falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Anakaputhur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will use the guideline value to calculate applicable duties and fees.

When registering a property, the guideline value serves as a benchmark for calculating stamp duty and registration fees. This ensures that the government receives appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of 30 feet Road / Balaji Nagar?

The current guideline value of 30 feet Road / Balaji Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 221 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 963% over this period.

What is the land classification for 30 feet Road / Balaji Nagar?

30 feet Road / Balaji Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for 30 feet Road / Balaji Nagar?

The Sub Registrar Office for 30 feet Road / Balaji Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 23,50,000, the stamp duty at 7% would be Rs 1,64,500.