Guideline Value for Balaji Nagar Anna Street

Balaji Nagar Anna Street guideline value

The current guideline value of Balaji Nagar Anna 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 Anna Street has changed

The guideline value for Balaji Nagar Anna Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, which is an increase from Rs 2,099 per sq.ft in 2023, marking a 12% rise. Prior to that, in 2017, the value was Rs 1,407 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 67%. This reflects the changes in the property landscape in the area over the years, culminating in the current value of Rs 2,350 per sq.ft.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Balaji Nagar Anna Street's 2024 figure above this median.

• Balaji Nagar 9th 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 Extn.: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Extn Appar Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 6th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Anna 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, charged 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 and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar Anna Street?

The Sub Registrar Office that covers Balaji Nagar Anna 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 property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher, making it essential to understand these values before proceeding with any transaction.

Frequently asked questions

What is the current guideline value of Balaji Nagar Anna Street?

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, which is an overall increase of 67%.

What is the land classification for Balaji Nagar Anna Street?

Balaji Nagar Anna Street is classified as Residential Class III Type - I.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 at 7%.