Guideline Value for Balaji Nagar 6th Street

Balaji Nagar 6th Street guideline value

The current guideline value of Balaji Nagar 6th 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 6th Street has changed

The guideline value for Balaji Nagar 6th Street has undergone several revisions over the years. In 2003, the guideline value was Rs 221 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The value saw a significant rise to Rs 1,407 per sq.ft in 2017, followed by a further increase to Rs 2,099 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, marking a 12% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2012 for this street. The changes between the revisions reflect a substantial overall increase of 963% from 2003 to 2024, with the most dramatic jump occurring between 2007 and 2017 at 369%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO carrying 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 6th Street is above this median.

• Balaji Nagar 5th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 7th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 4th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 8th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 4th Main Road: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 3th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 6th 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, resulting in a total cost of Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balaji Nagar 6th Street?

The Sub Registrar Office covering Balaji Nagar 6th 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Anakaputhur, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is crucial for buyers and sellers to be aware of the guideline value, as it affects the overall cost of registration. Ensuring that the property is registered at or above the guideline value is necessary to comply with legal requirements.

Frequently asked questions

What is the current guideline value of Balaji Nagar 6th Street?

The current guideline value of Balaji Nagar 6th 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 is the stamp duty rate for property in Balaji Nagar 6th Street?

The stamp duty rate for property transactions in Balaji Nagar 6th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Balaji Nagar 6th Street located?

The Sub Registrar Office for Balaji Nagar 6th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Balaji Nagar 6th Street?

Balaji Nagar 6th Street is classified as Residential Class III Type - I, indicating its designation for residential use.