Guideline Value for Balaji Nagar 19th Street

Balaji Nagar 19th Street guideline value

The current guideline value of Balaji Nagar 19th 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 19th Street has changed

Over the years, the guideline value of Balaji Nagar 19th Street has seen significant changes. The earliest recorded figure is from 2003, with a guideline value of Rs 221 per sq.ft. This increased to Rs 300 per sq.ft in 2007, marking a 36% rise. By 2017, the value surged to Rs 1,407 per sq.ft, reflecting a dramatic increase of 369%. The most recent revision in 2023 set the value at Rs 2,099 per sq.ft, which was a 49% increase from the previous figure. The current revision in 2024 has further raised the guideline value to Rs 2,350 per sq.ft, representing a 12% increase from 2023.

It is important to note that there are no recorded figures for the years 2002 and 2012 for Balaji Nagar 19th Street in the register.

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 guideline value for the village is Rs 1,980 per sq.ft, placing Balaji Nagar 19th Street's current value above this median.

• Balaji Nagar 18th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 17th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 1st Main Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 16th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 15th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 1th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 19th 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 cost for these fees to 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Balaji Nagar 19th Street?

The Sub Registrar Office that covers Balaji Nagar 19th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the 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 in property transactions in Anakaputhur, as it determines the minimum value at which a property must be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When buying or selling a property, it is essential to consider the guideline value, as it ensures that the transaction is compliant with local regulations. The registration office will use this value to assess the applicable fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Balaji Nagar 19th Street?

The current guideline value of Balaji Nagar 19th 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, showing an overall increase of 963% over the years.

What is the land classification for Balaji Nagar 19th Street?

Balaji Nagar 19th Street is classified as Residential Class III Type - I.

Where can I find the registration office for Balaji Nagar 19th Street?

The registration office for Balaji Nagar 19th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Balaji Nagar 19th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 at 7%.