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Guideline Value

Corporate

Guideline Value for Balaji Nagar 1st Main Road

₹2350/sq.ft.

The guideline value for Balaji Nagar 1st Main Road in Anakaputhur village (Pammal SRO, Chengalpattu zone) is Rs 2350 per sq.ft, effective 1 July 2024. It was Rs 2099 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Anakaputhur

Village

Pammal

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2350 /sq.ft.
From 1-4-2023 ₹2099 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1407 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹221 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Balaji Nagar 1st Main Road

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Balaji Nagar 1st Main Road guideline value

The current guideline value of Balaji Nagar 1st Main Road is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, and it falls under Residential Class III Type - I land classification.

How the guideline value of Balaji Nagar 1st Main Road has changed

The guideline value for Balaji Nagar 1st Main Road has seen significant changes over the years. In 2003, the guideline value was Rs 221 per sq.ft. This figure increased to Rs 300 per sq.ft in 2007, marking an increase of 36%. By 2017, the value had risen dramatically to Rs 1,407 per sq.ft, reflecting a substantial jump of 369%. The 2023 revision set the value at Rs 2,099 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 raised the guideline value to Rs 2,350 per sq.ft, representing a 12% increase from the previous year.

It is worth noting that there are no figures available 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. The median value for these streets is Rs 1,980 per sq.ft, and Balaji Nagar 1st Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Balaji Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total to Rs 2,11,500. Please note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar 1st Main Road?

The Sub Registrar Office that covers Balaji Nagar 1st Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in 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 an essential factor during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both buyers and sellers are aware of the costs involved in the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Balaji Nagar 1st Main Road?

The current guideline value of Balaji Nagar 1st Main Road is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly from Rs 221 per sq.ft to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 963% over this period.

What is the land classification for Balaji Nagar 1st Main Road?

Balaji Nagar 1st Main Road falls under Residential Class III Type - I land classification, indicating its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

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