Guideline Value for Balaji Nagar 17th Street

Balaji Nagar 17th Street guideline value

The current guideline value of Balaji Nagar 17th Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Balaji Nagar 17th Street has changed

Over the years, the guideline value of Balaji Nagar 17th Street has seen significant changes. In 2003, the guideline value was Rs 221 per sq.ft, which increased to Rs 300 per sq.ft in 2007. By 2017, it had risen to Rs 1,407 per sq.ft, marking a substantial increase of 369% from the 2007 figure. The value continued to rise, reaching Rs 2,099 per sq.ft in 2023, a 49% increase since 2017. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 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, with a median value of Rs 1,980 per sq.ft. The guideline value of Balaji Nagar 17th Street is above this median.

• Balaji Nagar 16th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 18th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 15th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 19th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 14th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 13th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 17th 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balaji Nagar 17th Street?

The Sub Registrar Office that covers Balaji Nagar 17th 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar 17th Street?

The current guideline value of Balaji Nagar 17th 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, marking an overall increase of 963%.

What are the stamp duty rates for properties in Balaji Nagar 17th Street?

The stamp duty for properties in Balaji Nagar 17th Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Balaji Nagar 17th Street located?

The Sub Registrar Office for Balaji Nagar 17th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the median guideline value in Anakaputhur?

The median guideline value in Anakaputhur is Rs 1,980 per sq.ft for the year 2024, with Balaji Nagar 17th Street's value being above this median.