Guideline Value for Balakrishnan Street

Balakrishnan Street guideline value

The current guideline value of Balakrishnan Street is Rs 990 per sq.ft. This street is located in Periyapanancheri village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Balakrishnan Street has changed

Since the 2017 revision, the guideline value for Balakrishnan Street has seen significant changes. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, 2012.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 990 to Rs 4,925 per sq.ft. The median guideline value in this village is Rs 1,320 per sq.ft, placing Balakrishnan Street's value below this median.

• Balakrishna Nagar: Rs 1,320 per sq.ft (2024)
• Baraniputhur Junction Salai: Rs 1,320 per sq.ft (2024)
• Anna Street: Rs 2,200 per sq.ft (2024)
• Cititbabu Street: Rs 990 per sq.ft (2024)
• Anandha Vinayagar Nagar: Rs 1,320 per sq.ft (2024)
• Ambetkar Street (ward 6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Balakrishnan Street

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Balakrishnan Street?

The Sub Registrar Office that covers Balakrishnan 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 Periyapanancheri

The guideline value is a crucial factor in property transactions in Periyapanancheri. It determines the minimum value at which properties can be registered, ensuring that the government receives adequate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which may affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Balakrishnan Street?

The current guideline value of Balakrishnan Street is Rs 990 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

From the 2017 revision of Rs 603 per sq.ft, the value increased to Rs 900 per sq.ft in 2023 and then to Rs 990 per sq.ft in 2024, representing a total increase of 64% from 2017 to 2024.

What is the median guideline value in Periyapanancheri?

The median guideline value in Periyapanancheri is Rs 1,320 per sq.ft, with Balakrishnan Street's value being below this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 990 per sq.ft incurs a total of Rs 89,100 in fees.

Where can I find the Sub Registrar Office for Balakrishnan Street?

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