Guideline Value for Balaji Nagar Ramakrishna 2nd Street

Balaji Nagar Ramakrishna 2nd Street guideline value

The current guideline value of Balaji Nagar Ramakrishna 2nd Street is Rs 2,350 per sq.ft. 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 Ramakrishna 2nd Street has changed

The guideline value for Balaji Nagar Ramakrishna 2nd Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 1,407 per sq.ft. This increased to Rs 2,099 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, 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 of Balaji Nagar Ramakrishna 2nd Street is above this median.

• Balaji Nagar Rajivi Gandhi Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Ramakrishna Ist Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Rajivi Gandhi Ist Cross Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Subramaniya Bharathiyar III rd Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Radhakrishnan 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 Ramakrishna 2nd 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, while the registration fee at 2% would be Rs 47,000, bringing the total fees 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 detailed calculations.

Which Sub Registrar Office covers Balaji Nagar Ramakrishna 2nd Street?

The Sub Registrar Office that covers Balaji Nagar Ramakrishna 2nd 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 stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately, reflecting the official value as determined by the registration department. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar Ramakrishna 2nd Street?

The current guideline value of Balaji Nagar Ramakrishna 2nd Street is Rs 2,350 per sq.ft as per the 2024 revision.

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, marking an overall increase of 67% over this period.

What is the land classification for Balaji Nagar Ramakrishna 2nd Street?

Balaji Nagar Ramakrishna 2nd Street is classified as Residential Class III Type - I.

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

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone, covers Balaji Nagar Ramakrishna 2nd Street.

How is the stamp duty calculated for properties in this area?

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