Guideline Value for Balaji Nagar 30 feet Road

Balaji Nagar 30 feet Road guideline value

The current guideline value of Balaji Nagar 30 feet Road is Rs 2,350 per sq.ft, effective from 1 July 2024. This road is located in Anakaputhur village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Balaji Nagar 30 feet Road has changed

The guideline value for Balaji Nagar 30 feet Road has seen significant changes over the years. The 2017 revision set the value at Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 brought the value to Rs 2,350 per sq.ft, representing a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value of these streets is Rs 1,980 per sq.ft, making the guideline value of Balaji Nagar 30 feet Road above the median.

• Balaji Nagar 2th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 3rd Main Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 2nd Main Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 3th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 1th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 4th Main Road: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 30 feet 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. It is important to 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 30 feet Road?

The Sub Registrar Office that covers Balaji Nagar 30 feet Road 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 plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with the official rates set by the government. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 30 feet Road?

The current guideline value of Balaji Nagar 30 feet Road is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 67%, from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, with Balaji Nagar 30 feet Road's value being above this median.

What are the stamp duty and registration fees for a property in Balaji Nagar 30 feet Road?

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

Which office should I visit for registration in Balaji Nagar?

You should visit the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone for registration related to Balaji Nagar 30 feet Road.