Guideline Value for Balaji Nagar Viveganandhar Street

Balaji Nagar Viveganandhar Street guideline value

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

How the guideline value of Balaji Nagar Viveganandhar Street has changed

In the 2017 revision, the guideline value was Rs 1,407 per sq.ft. This increased to Rs 2,099 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 2,350 per sq.ft, which is a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. 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, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Balaji Nagar Viveganandhar Street's 2024 figure above this median.

• Balaji Nagar Venkateswara Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Thiruvalluvar 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 St: 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 Viveganandhar Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar Viveganandhar Street?

The Sub Registrar Office that covers Balaji Nagar Viveganandhar 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 plays a crucial role during the registration process of property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 67% over the seven years.

What is the median guideline value in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, with Balaji Nagar Viveganandhar Street's 2024 figure being above this median.

Where can I find the Sub Registrar Office for Balaji Nagar Viveganandhar Street?

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 2,11,500.