Guideline Value for Balaji Nagar 10th Street

Balaji Nagar 10th Street guideline value

The current guideline value of Balaji Nagar 10th 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 10th Street has changed

The guideline value for Balaji Nagar 10th Street has seen significant changes over the years. In 2003, the guideline value was Rs 221 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,407 per sq.ft, followed by an increase to Rs 2,099 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

Between these revisions, the guideline value increased by 36% from 2003 to 2007, 369% from 2007 to 2017, and 49% from 2017 to 2023. The overall change from 2003 to 2024 is a remarkable 963%. It is important to note that the register has no figures for the years 2002 and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Balaji Nagar 10th Street is above this median.

• Balaji Nagar 11th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 12th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 13th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 14th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 15th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 16th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 10th Street

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar 10th Street?

The Sub Registrar Office that covers Balaji Nagar 10th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Anakaputhur. It serves as a reference point for determining the stamp duty and registration fees that buyers must pay. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps establish a fair price for the transaction, providing transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 10th Street?

The current guideline value of Balaji Nagar 10th 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 changed significantly from Rs 221 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 963% over the years.

What is the land classification of Balaji Nagar 10th Street?

Balaji Nagar 10th Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Balaji Nagar 10th Street?

The Sub Registrar Office for Balaji Nagar 10th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Balaji Nagar 10th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 1,64,500.