Guideline Value for Balaji Nagar 9th Street

Balaji Nagar 9th Street guideline value

The current guideline value of Balaji Nagar 9th 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 9th Street has changed

The guideline value for Balaji Nagar 9th 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. The value then rose dramatically to Rs 1,407 per sq.ft in 2017, marking a 369% increase from 2007. The 2023 revision set the value at Rs 2,099 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 brings the value to Rs 2,350 per sq.ft, a 12% increase from 2023.

There are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 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, with a median value of Rs 1,980 per sq.ft. Balaji Nagar 9th Street's 2024 guideline value is above this median.

• Balaji Nagar Anna Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 8th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 7th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 6th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Extn.: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Extn Appar Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 9th 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 amount to Rs 1,64,500, while the registration fee at 2% would be Rs 47,000, bringing the total fees 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar 9th Street?

The Sub Registrar Office that covers Balaji Nagar 9th 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 buying or selling property in Anakaputhur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When registering a property, the guideline value helps determine the minimum price at which the property can be sold. This ensures transparency and compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar 9th Street?

The current guideline value of Balaji Nagar 9th 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 increased from Rs 221 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 963% over the years.

What are the stamp duty rates for properties in Balaji Nagar 9th Street?

The stamp duty for properties in Balaji Nagar 9th Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Balaji Nagar 9th Street?

The Sub Registrar Office for Balaji Nagar 9th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum price for property transactions and is used to calculate stamp duty and registration fees during the sale or purchase of property.