Guideline Value for Balaji Nagar Venkateswara Street

Balaji Nagar Venkateswara Street guideline value

The current guideline value of Balaji Nagar Venkateswara Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Balaji Nagar Venkateswara Street has changed

The guideline value for Balaji Nagar Venkateswara Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, which is a 12% increase from the 2023 revision of Rs 2,099 per sq.ft. Looking back further, the 2017 revision recorded a guideline value of Rs 1,407 per sq.ft, marking a significant 49% increase to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 67%.

It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012. This lack of data means that the values for those years are not applicable for Balaji Nagar Venkateswara 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. The median guideline value in this village is Rs 1,980 per sq.ft, placing Balaji Nagar Venkateswara Street's 2024 figure above that median.

• Balaji Nagar Thiruvalluvar Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Viveganandhar Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Thiruvalluvar Ist Cross Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Subramaniya Bharathiyar Vth Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Subramaniya Bharathiyar 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 Venkateswara 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 charges together 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balaji Nagar Venkateswara Street?

The Balaji Nagar Venkateswara Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Anakaputhur

The guideline value is a crucial factor in the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the official value assigned to the property, which is necessary for legal documentation.

Frequently asked questions

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

The current guideline value of Balaji Nagar Venkateswara 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 the seven years.

What is the registration office for Balaji Nagar Venkateswara Street?

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

How is stamp duty calculated for properties in this area?

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

What land classification does Balaji Nagar Venkateswara Street fall under?

Balaji Nagar Venkateswara Street is classified as Residential Class III Type - I, which affects its guideline value and property regulations.