Guideline Value for Balaji Nagar 11th Street

Balaji Nagar 11th Street guideline value

The current guideline value of Balaji Nagar 11th 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 11th Street has changed

The guideline value for Balaji Nagar 11th Street has undergone several revisions over the years. In 2003, the value was Rs 221 per sq.ft, which increased to Rs 425 per sq.ft in 2007, marking an increase of 92%. The next revision in 2017 saw a significant rise to Rs 1,407 per sq.ft, representing a change of 231%. By 2023, the value further increased to Rs 2,099 per sq.ft, which is a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, reflecting a 12% increase from 2023.

It is important to note that the register does not contain figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 963%.

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, with a median value of Rs 1,980 per sq.ft. The guideline value of Balaji Nagar 11th Street is above this median.

• Balaji Nagar 10th 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 11th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, while the registration fee at 2% would be Rs 47,000. Together, these fees would total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar 11th Street?

The Sub Registrar Office that covers Balaji Nagar 11th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Anakaputhur, the guideline value is used as a basis for calculating stamp duty and registration fees. The guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings.

During the registration process, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process is crucial for ensuring that all property transactions are legally recognized and documented.

Frequently asked questions

What is the current guideline value of Balaji Nagar 11th Street?

The current guideline value of Balaji Nagar 11th Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 221 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, which is an overall increase of 963%.

What are the stamp duty and registration fees for property in Balaji Nagar 11th Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,64,500, and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which Sub Registrar Office covers Balaji Nagar 11th Street?

The Pammal Sub Registrar Office covers Balaji Nagar 11th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Balaji Nagar 11th Street?

Balaji Nagar 11th Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.