Guideline Value for Balaji Nagar 3th Street

Balaji Nagar 3th Street guideline value

The current guideline value of Balaji Nagar 3th 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 falls under the Residential Class III Type - I land classification.

How the guideline value of Balaji Nagar 3th Street has changed

The guideline value for Balaji Nagar 3th 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, marking a 36% increase. The value then surged dramatically to Rs 1,407 per sq.ft in 2017, reflecting a 369% rise. Following this, the value rose to Rs 2,099 per sq.ft in 2023, a 49% increase from the previous revision. The current value of Rs 2,350 per sq.ft from the 2024 revision represents a 12% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by a remarkable 963%.

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, with a median value of Rs 1,980 per sq.ft. The guideline value for Balaji Nagar 3th Street is above this median.

• Balaji Nagar 3rd Main Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 4th Main Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 4th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 30 feet Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 2th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 5th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 3th 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 fees together 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar 3th Street?

The Sub Registrar Office that covers Balaji Nagar 3th 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 details.

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

The guideline value is a crucial factor when registering a property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in the eyes of the law.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential components of the property transaction process. It is advisable for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Balaji Nagar 3th Street?

The current guideline value of Balaji Nagar 3th 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 increased significantly from Rs 221 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 963% over this period.

What are the stamp duty and registration fees for a property in Balaji Nagar 3th Street?

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 Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Balaji Nagar 3th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value in Anakaputhur?

Yes, several other streets in Anakaputhur have the same guideline value of Rs 2,350 per sq.ft, including Balaji Nagar 3rd Main Road, Balaji Nagar 4th Main Road, Balaji Nagar 4th Street, Balaji Nagar 30 feet Road, Balaji Nagar 2th Street, and Balaji Nagar 5th Street.