Guideline Value for Balaji Garden Annex

Balaji Garden Annex guideline value

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

How the guideline value of Balaji Garden Annex has changed

The guideline value for Balaji Garden Annex has seen several revisions over the years. Starting from Rs 56 per sq.ft in 2003, it increased significantly by 614% to Rs 400 per sq.ft in 2007. The value then rose by 75% to Rs 700 per sq.ft in 2012, but saw a decrease of 33% to Rs 469 per sq.ft in 2017. The value increased again to Rs 700 per sq.ft in 2023, and most recently, it has risen by 10% to reach Rs 770 per sq.ft in the 2024 revision.

Overall, from 2003 to 2024, the guideline value has increased by 1275%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Balaji Garden Annex's 2024 figure above this median.

• Balaji Garden Annex 1: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, leading to a total cost of Rs 69,300 for stamp duty and registration fees. Please 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 Balaji Garden Annex?

The Sub Registrar Office that covers Balaji Garden Annex 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

When buying or selling property in Pullilyon, the guideline value plays a crucial role in determining the registration fees and stamp duty. The applicable rates are based on the guideline value set by the registration department, which is used as a benchmark for transactions in the area.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process. This helps in accurately calculating the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Balaji Garden Annex?

The current guideline value of Balaji Garden Annex 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 significantly from Rs 56 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 1275% over this period.

What are the other streets in Pullilyon with guideline values?

Other streets in Pullilyon include Balaji Garden Annex 1, Balaji Garden Annexe - II, Balaji Garden, Bajanain Koil Street, Bhathrakaliamman Nagar, and Anna Nagar, with various guideline values ranging from Rs 440 to Rs 770 per sq.ft.

What are the registration fees for property in Balaji Garden Annex?

The registration fees for a property in Balaji Garden Annex are calculated based on the guideline value. For example, a property valued at Rs 7,70,000 would incur a stamp duty of Rs 53,900 and a registration fee of Rs 15,400.

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

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