Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Anupampattu village under the Ponneri Sub Registrar Office, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Balaji Nagar has changed

Over the years, the guideline value of Balaji Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 201 per sq.ft. The 2023 revision brought it back to Rs 300 per sq.ft, and the 2024 revision has kept it at Rs 300 per sq.ft as well. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been no change, maintaining the value at Rs 300 per sq.ft.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft. The median value is Rs 300 per sq.ft, placing Balaji Nagar at this median value.

• Arul Oli Nagar: Rs 300 per sq.ft (2024)
• Annai Chandra Nagar: Rs 300 per sq.ft (2024)
• Dg Nagar: Rs 400 per sq.ft (2024)
• Durai Swami Nagar: Rs 300 per sq.ft (2024)
• Golden City Ext: Rs 300 per sq.ft (2024)
• Golden City Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balaji Nagar?

Balaji Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Anupampattu. It is used to determine the stamp duty and registration fees that buyers and sellers must pay at the time of registration. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

When a property is bought or sold, the guideline value is assessed to calculate the applicable charges. This value is essential for both the buyer and seller to understand the financial implications of the transaction, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has varied, with the most recent revisions showing no change from 2023 to 2024. However, it increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017.

What is the classification of land in Balaji Nagar?

Balaji Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Balaji Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.