Guideline Value for Balaji Garden Annex 1

Balaji Garden Annex 1 guideline value

The current guideline value of Balaji Garden Annex 1 is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Pullilyon village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balaji Garden Annex 1 has changed

The guideline value for Balaji Garden Annex 1 has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, in 2017, it decreased to Rs 469 per sq.ft. The value then rose significantly to Rs 700 per sq.ft in 2023, and currently stands at Rs 770 per sq.ft following the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The increase from 2007 to 2012 was 75%. Overall, from 2007 to 2024, the guideline value has increased by 93%.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO carrying a guideline value for 2024 ranging from Rs 440 to Rs 2,200 per sq.ft, with a median of Rs 700 per sq.ft. The guideline value of Balaji Garden Annex 1 is above this median.

• Balaji Garden Annex: Rs 770 per sq.ft (2024)
• Balaji Garden Annexe - II: Rs 770 per sq.ft (2024)
• Balaji Garden: Rs 770 per sq.ft (2024)
• Bajanain Koil Street: Rs 550 per sq.ft (2024)
• Bhathrakaliamman Nagar: Rs 770 per sq.ft (2024)
• Anna Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Garden Annex 1

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,70,000. The stamp duty at 7% amounts to Rs 53,900, and the registration fee at 2% is Rs 15,400, totaling Rs 69,300. It is important to note that the 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 details.

Which Sub Registrar Office covers Balaji Garden Annex 1?

The Sub Registrar Office that covers Balaji Garden Annex 1 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 Pullilyon

The guideline value is a critical factor during property transactions in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value for Balaji Garden Annex 1?

The current guideline value for Balaji Garden Annex 1 is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 93% over the years.

What is the land classification for Balaji Garden Annex 1?

Balaji Garden Annex 1 is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Balaji Garden Annex 1?

The Sub Registrar Office for Balaji Garden Annex 1 is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Pullilyon?

Stamp duty for properties in Pullilyon is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.