Guideline Value for Balaji Nagar Extn Appar Street

Balaji Nagar Extn Appar Street guideline value

The current guideline value for Balaji Nagar Extn Appar 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 Extn Appar Street has changed

The guideline value for Balaji Nagar Extn Appar Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 1,407 per sq.ft. This value increased significantly to Rs 2,099 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no recorded figures for Balaji Nagar Extn Appar Street in the revisions from 2002, 2003, 2007, 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. The median guideline value for these streets is Rs 1,980 per sq.ft, making the current value of Balaji Nagar Extn Appar Street above this median.

• Balaji Nagar Extn.,: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Extn Brindhavan Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Extn Karumari Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Extn Thirumurugan Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Extn Thirupursundari Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar II nd Cross Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Extn Appar 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 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 Extn Appar Street?

The Balaji Nagar Extn Appar Street is covered by 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 critical factor in the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, but the higher amount will be used for calculating the applicable duties.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This value is updated periodically, reflecting changes in the real estate market and local development, and it is crucial for both buyers and sellers to stay informed about these updates.

Frequently asked questions

What is the current guideline value for Balaji Nagar Extn Appar Street?

The current guideline value for Balaji Nagar Extn Appar 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 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67% over this period.

What is the registration office for Balaji Nagar Extn Appar Street?

The registration office for Balaji Nagar Extn Appar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Anakaputhur?

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

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

Yes, there are several other streets in Anakaputhur with the same guideline value of Rs 2,350 per sq.ft, including Balaji Nagar Extn., Balaji Nagar Extn Brindhavan Street, Balaji Nagar Extn Karumari Street, Balaji Nagar Extn Thirumurugan Street, Balaji Nagar Extn Thirupursundari Street, and Balaji Nagar II nd Cross Street.