Guideline Value for Balaji Nagar 16th Street

Balaji Nagar 16th Street guideline value

The current guideline value of Balaji Nagar 16th 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 16th Street has changed

The guideline value for Balaji Nagar 16th Street has undergone several revisions over the years. Starting from Rs 221 per sq.ft in 2003, it increased to Rs 300 per sq.ft in 2007, marking a 36% rise. The value then saw a significant jump to Rs 1,407 per sq.ft in 2017, which was a 369% increase from the 2007 figure. In 2023, the value further rose to Rs 2,099 per sq.ft, reflecting a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 2,350 per sq.ft, a 12% increase from 2023.

There are no figures available for the revisions in 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 carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Balaji Nagar 16th Street's 2024 figure above that median.

• Balaji Nagar 15th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 17th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 14th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 18th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 13th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 19th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 16th 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, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar 16th Street?

The Sub Registrar Office that covers Balaji Nagar 16th 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 is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When you buy or sell property, the guideline value helps in assessing the fair value of the property. It is essential for buyers and sellers to be aware of this value, as it impacts the overall costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 16th Street?

The current guideline value of Balaji Nagar 16th 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 221 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 963% over this period.

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

Other streets in Anakaputhur that share the same guideline value of Rs 2,350 per sq.ft for 2024 include Balaji Nagar 15th Street, Balaji Nagar 17th Street, Balaji Nagar 14th Street, Balaji Nagar 18th Street, Balaji Nagar 13th Street, and Balaji Nagar 19th Street.

What fees are associated with buying property in Balaji Nagar 16th Street?

When purchasing property in Balaji Nagar 16th Street, buyers should consider the stamp duty of 7% and the registration fee of 2%, which are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balaji Nagar 16th Street?

The Sub Registrar Office for Balaji Nagar 16th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.