Guideline Value for Balaji Nagar 13th Street

Balaji Nagar 13th Street guideline value

The current guideline value of Balaji Nagar 13th 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 13th Street has changed

The guideline value for Balaji Nagar 13th Street has undergone several revisions over the years. The 2003 revision set the value at Rs 221 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following that, the value surged to Rs 1,407 per sq.ft in 2017, marking a significant increase of 369% from the previous revision. The 2023 revision saw the value rise to Rs 2,099 per sq.ft, reflecting a 49% increase from 2017. The latest revision in 2024 has set the value at Rs 2,350 per sq.ft, which is a 12% increase from the 2023 figure.

It is important to note that there are no figures available for the years 2002 and 2012 in the register 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, with guideline values 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, positioning Balaji Nagar 13th Street above this median.

• Balaji Nagar 12th 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 11th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 16th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 10th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 13th 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, making the total fees Rs 2,11,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar 13th Street?

The Sub Registrar Office that covers Balaji Nagar 13th 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 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 calculating stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

When a property is registered, it is essential to refer to the guideline value to determine the applicable fees. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Balaji Nagar 13th Street?

The current guideline value of Balaji Nagar 13th 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 seen significant changes, 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% over the years.

What is the land classification for Balaji Nagar 13th Street?

Balaji Nagar 13th Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a property valued at Rs 23,50,000, the total fees would amount to Rs 2,11,500.

Which office handles registrations for Balaji Nagar 13th Street?

The Pammal Sub Registrar Office handles registrations for Balaji Nagar 13th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.