Guideline Value for Balaji Nagar Radhakrishnan Street

Balaji Nagar Radhakrishnan Street guideline value

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

The guideline value for Balaji Nagar Radhakrishnan Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, an increase of 12% from Rs 2,099 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 1,407 per sq.ft, marking a significant increase of 49% to the 2023 figure. The register has no figures for the revisions in 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the current 2024 value, there has been a total increase of 67%. This consistent rise reflects the changing landscape of property values in the area.

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 across these streets is Rs 1,980 per sq.ft, placing Balaji Nagar Radhakrishnan Street above this median.

• Balaji Nagar Rajivi Gandhi Ist Cross Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Rajivi Gandhi Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Periyar Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Ramakrishna 2nd Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Ramakrishna Ist Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Subramaniya Bharathiyar III rd Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar Radhakrishnan 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 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Balaji Nagar Radhakrishnan Street?

The Sub Registrar Office that covers Balaji Nagar Radhakrishnan 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 plays a crucial role in the property registration process in Anakaputhur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and compliance with government regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are recorded accurately and that the appropriate taxes are collected based on the established values.

Frequently asked questions

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

The current guideline value of Balaji Nagar Radhakrishnan 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 2,350 per sq.ft in 2024, reflecting an overall increase of 67% over this period.

What is the land classification of Balaji Nagar Radhakrishnan Street?

Balaji Nagar Radhakrishnan Street is classified as Residential Class III Type - I, indicating its designation for residential use.

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.

How is the stamp duty calculated for properties in Balaji Nagar Radhakrishnan Street?

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