Guideline Value for Balaji Nagar 4th Street

Balaji Nagar 4th Street guideline value

The current guideline value of Balaji Nagar 4th 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 4th Street has changed

The guideline value for Balaji Nagar 4th Street has seen significant changes over the years. In 2003, the value was Rs 221 per sq.ft, which increased to Rs 300 per sq.ft in 2007. By 2017, the guideline value surged to Rs 1,407 per sq.ft, marking a 369% increase from the previous revision. The value continued to rise, reaching Rs 2,099 per sq.ft in 2023, reflecting a 49% increase from 2017.

The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, a 12% increase from 2023. Overall, from 2003 to 2024, the guideline value has increased by 963%. The register has no figures for the years 2002 and 2012.

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, with a median value of Rs 1,980 per sq.ft. Balaji Nagar 4th Street's 2024 guideline value is above this median.

• Balaji Nagar 4th Main Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 3th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 5th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 3rd Main Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 6th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 30 feet Road: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 4th 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, totaling 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 4th Street?

The Sub Registrar Office that covers Balaji Nagar 4th 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 an essential factor during property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When purchasing property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. It is crucial to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar 4th Street?

The current guideline value of Balaji Nagar 4th 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 changed significantly, 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 are the stamp duty and registration fees for property in Balaji Nagar 4th 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 Balaji Nagar 4th Street?

The Pammal Sub Registrar Office covers Balaji Nagar 4th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Balaji Nagar 4th Street?

Balaji Nagar 4th Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.