Guideline Value for Balaji Nagar 2th Street

Balaji Nagar 2th Street guideline value

The current guideline value of Balaji Nagar 2th 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 2th Street has changed

The guideline value for Balaji Nagar 2th Street has seen significant changes over the years. In 2003, the guideline value was Rs 221 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, the value surged to Rs 1,407 per sq.ft in 2017, marking a substantial increase of 369%. The value continued to rise to Rs 2,099 per sq.ft in 2023, an increase of 49% from the previous revision. The most recent figure for 2024 is Rs 2,350 per sq.ft, reflecting a 12% increase from 2023.

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 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, making the 2024 figure for Balaji Nagar 2th Street above that median.

• Balaji Nagar 30 feet Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 2nd Main Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 3rd Main Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 1th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 3th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 1st Main Road: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 2th Street

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 be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, making the total fee together 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 details.

Which Sub Registrar Office covers Balaji Nagar 2th Street?

The Sub Registrar Office that covers Balaji Nagar 2th Street 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 a crucial factor when buying or selling property in Anakaputhur, as it determines the minimum value at which a property can be registered. This value is set by the Registration Department and is revised periodically to reflect changes in the market.

When you proceed with a property transaction, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 2th Street?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, 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%.

What is the classification of land in Balaji Nagar 2th Street?

Balaji Nagar 2th Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which office handles registrations for Balaji Nagar 2th Street?

The Pammal Sub Registrar Office handles registrations for Balaji Nagar 2th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.