Guideline Value for Balaji Nagar Ist Cross Street

Balaji Nagar Ist Cross Street guideline value

The current guideline value for Balaji Nagar Ist 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 Ist Cross Street has changed

The guideline value for Balaji Nagar Ist Cross Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 67%.

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 Ist Cross Street is above this median.

• Balaji Nagar II nd 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 Periyar Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Ist 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, together totaling 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 details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar Ist Cross Street?

The Sub Registrar Office that covers Balaji Nagar Ist 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 critical factor when buying or selling property in Anakaputhur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during property transactions. Buyers must ensure they are aware of the current guideline value to avoid any discrepancies during registration.

When a property is sold, the guideline value is used to determine the minimum value at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value for Balaji Nagar Ist Cross Street?

The current guideline value for Balaji Nagar Ist 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 changed from Rs 1,407 per sq.ft in 2017 to Rs 2,099 per sq.ft in 2023, and then to Rs 2,350 per sq.ft in 2024. This represents an overall increase of 67% from 2017 to 2024.

What is the land classification for Balaji Nagar Ist Cross Street?

Balaji Nagar Ist Cross Street is classified as Residential Class III Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 23,50,000, the total stamp duty and registration fees would amount to Rs 2,11,500.

Where is the Pammal Sub Registrar Office located?

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