Guideline Value for Balaji Nagar II nd Cross Street

Balaji Nagar II nd Cross Street guideline value

The current guideline value of Balaji Nagar II nd Cross 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 II nd Cross Street has changed

The guideline value for Balaji Nagar II nd Cross Street has seen significant changes 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. This reflects a change of 12% from the previous year. Looking further back, the 2017 revision recorded a guideline value of Rs 1,407 per sq.ft, marking a substantial increase of 49% to the 2023 figure. Overall, from 2017 to 2024, there has been a total increase of 67% in the guideline value.

It is important to note that there are no recorded figures for Balaji Nagar II nd Cross Street in the revisions of 2012, 2007, 2003, and 2002.

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 value for these streets is Rs 1,980 per sq.ft, placing Balaji Nagar II nd Cross Street above this median with its current value of Rs 2,350 per sq.ft.

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

Stamp duty and registration fee for property in Balaji Nagar II nd Cross 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, 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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Balaji Nagar II nd Cross Street?

The Sub Registrar Office that covers Balaji Nagar II nd Cross 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 when buying or selling property in Anakaputhur, as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate the applicable stamp duty and registration fees during the transaction.

When a property is sold, the guideline value ensures that the sale price is not undervalued, thus protecting the interests of the state in terms of revenue. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Balaji Nagar II nd Cross Street?

The current guideline value of Balaji Nagar II nd Cross 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, representing a total increase of 67% over this period.

What is the land classification for Balaji Nagar II nd Cross Street?

Balaji Nagar II nd Cross Street is classified as Residential Class III Type - I.

Where can I find the registration office for Balaji Nagar II nd Cross Street?

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

How is the stamp duty calculated for properties in Balaji Nagar II nd Cross Street?

Stamp duty is calculated based on the guideline value or the 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 at 7%.