Guideline Value for Balaji Nagar Periyar Street

Balaji Nagar Periyar Street guideline value

The current guideline value of Balaji Nagar Periyar Street 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 Balaji Nagar Periyar Street has changed

The guideline value for Balaji Nagar Periyar Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have 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, which means that Balaji Nagar Periyar Street's 2024 value is above this median.

• Balaji Nagar Radhakrishnan Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Rajivi Gandhi Ist Cross Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Rajivi Gandhi Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Ist Cross Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Ramakrishna 2nd Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar II nd Cross Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Periyar Street

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

Which Sub Registrar Office covers Balaji Nagar Periyar Street?

The Sub Registrar Office that covers Balaji Nagar Periyar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Anakaputhur, as it determines the minimum value at which a property can be registered. It ensures that the transaction reflects a fair value for tax purposes and helps in calculating the stamp duty and registration fees applicable to the property.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price is lower than the guideline value, the duty will be calculated based on the guideline value to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Balaji Nagar Periyar Street?

The current guideline value of Balaji Nagar Periyar Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67% over this period.

What is the registration office for Balaji Nagar Periyar Street?

The registration office for Balaji Nagar Periyar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in this area?

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

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, making Balaji Nagar Periyar Street's value of Rs 2,350 per sq.ft above this median.