Guideline Value for Balaji Nagar Rajivi Gandhi Street

Balaji Nagar Rajivi Gandhi Street guideline value

The current guideline value of Balaji Nagar Rajivi Gandhi 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 Rajivi Gandhi Street has changed

Over the years, the guideline value for Balaji Nagar Rajivi Gandhi Street has seen significant changes. 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 the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 1,407 per sq.ft, marking a substantial increase of 49% from that year to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012.

In total, from the 2017 revision to the current 2024 figure, there has been an overall increase of 67%. This upward trend reflects the changing valuation of properties in the area over the years.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with 2024 guideline values 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, placing Balaji Nagar Rajivi Gandhi Street above this median value.

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

Stamp duty and registration fee for property in Balaji Nagar Rajivi Gandhi 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, making the total cost for these fees 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 Rajivi Gandhi Street?

The Sub Registrar Office that covers Balaji Nagar Rajivi Gandhi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When you engage in a property transaction, the guideline value helps calculate the applicable stamp duty and registration fees, which are essential for completing the legal transfer of ownership. Buyers and sellers must be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Balaji Nagar Rajivi Gandhi Street?

The current guideline value of Balaji Nagar Rajivi Gandhi Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much 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, which is an overall increase of 67%. The value rose by 49% from 2017 to 2023 and by 12% from 2023 to 2024.

What is the classification of Balaji Nagar Rajivi Gandhi Street?

Balaji Nagar Rajivi Gandhi Street is classified as Residential Class III Type - I under the Pammal SRO.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Balaji Nagar Rajivi Gandhi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,11,500.