Guideline Value for Balaji Nagar Subramaniya Bharathiyar III rd Street

Balaji Nagar Subramaniya Bharathiyar III rd Street guideline value

The current guideline value of Balaji Nagar Subramaniya Bharathiyar III rd 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 Subramaniya Bharathiyar III rd Street has changed

The guideline value for Balaji Nagar Subramaniya Bharathiyar III rd Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which recorded a value of Rs 1,407 per sq.ft. This increased to Rs 2,099 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 sees the guideline value set at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 67%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a guideline value for 2024, 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 Balaji Nagar Subramaniya Bharathiyar III rd Street above this median.

• Balaji Nagar Ramakrishna Ist Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Subramaniya Bharathiyar II nd Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Ramakrishna 2nd Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Subramaniya Bharathiyar St: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Rajivi Gandhi Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Subramaniya Bharathiyar Vth Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Subramaniya Bharathiyar III rd 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 charges to 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.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar Subramaniya Bharathiyar III rd Street?

The Balaji Nagar Subramaniya Bharathiyar III rd Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the registration office uses the guideline value to assess the applicable fees, ensuring that the transaction is recorded accurately. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Balaji Nagar Subramaniya Bharathiyar III rd Street?

The current guideline value of Balaji Nagar Subramaniya Bharathiyar III rd 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, reflecting a total increase of 67% over this period.

What is the role of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standardized value set by the registration office.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What are the other streets in Anakaputhur with the same guideline value?

Other streets in Anakaputhur with a guideline value of Rs 2,350 per sq.ft include Balaji Nagar Ramakrishna Ist Street, Balaji Nagar Subramaniya Bharathiyar II nd Street, Balaji Nagar Ramakrishna 2nd Street, Balaji Nagar Subramaniya Bharathiyar St, Balaji Nagar Rajivi Gandhi Street, and Balaji Nagar Subramaniya Bharathiyar Vth Street.