Guideline Value for Balaji Nagar Extn Thirumurugan Street

Balaji Nagar Extn Thirumurugan Street guideline value

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

The guideline value for Balaji Nagar Extn Thirumurugan Street has seen significant changes over the years. In 2017, the value was Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 raised the value to Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 67%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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. The guideline value for Balaji Nagar Extn Thirumurugan Street is above this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value is Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar Extn Thirumurugan Street?

The Sub Registrar Office that covers Balaji Nagar Extn Thirumurugan 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 a crucial factor in property transactions in Anakaputhur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will use the guideline value to calculate applicable fees.

During the registration process, the guideline value serves as a benchmark for calculating stamp duty and registration fees. It ensures that the property is registered at a value that reflects its worth according to government standards.

Frequently asked questions

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

The current guideline value for Balaji Nagar Extn Thirumurugan 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, marking an overall increase of 67%.

What is the land classification for Balaji Nagar Extn Thirumurugan Street?

Balaji Nagar Extn Thirumurugan 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 the stamp duty calculated for properties in Balaji Nagar Extn Thirumurugan Street?

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