Guideline Value for Balaji Nagar7th Street

Balaji Nagar7th Street guideline value

The current guideline value of Balaji Nagar7th Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Balaji Nagar7th Street has changed

The guideline value for Balaji Nagar7th Street has seen significant changes over the years. In the 2003 revision, the value was Rs 221 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The next revision in 2017 saw a substantial jump to Rs 1,407 per sq.ft, marking an increase of 369%. By 2023, the value rose to Rs 2,099 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, a 12% increase from 2023. Notably, there are no figures available for the years 2002 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. The median value for these streets is Rs 1,980 per sq.ft, placing Balaji Nagar7th Street's 2024 figure above this median.

• Balaji Nagar 8th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 6th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 9th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar Anna Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 5th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 4th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar7th 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, bringing the total charges 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 details.

Which Sub Registrar Office covers Balaji Nagar7th Street?

The Sub Registrar Office that covers Balaji Nagar7th 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 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 of the property for registration purposes, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, which ensures transparency in property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar7th Street?

The current guideline value of Balaji Nagar7th 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 increased from Rs 221 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, showing an overall increase of 963% over this period.

What is the land classification of Balaji Nagar7th Street?

Balaji Nagar7th Street falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for Balaji Nagar7th Street?

The Sub Registrar Office for Balaji Nagar7th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duties calculated for properties in Anakaputhur?

Stamp duties are calculated based on the higher of the guideline value or the sale price of the property. This ensures that the government receives the appropriate revenue during property transactions.