Guideline Value for Dr.Radhakrishnan Street (Balaji Nagar)

Dr.Radhakrishnan Street (Balaji Nagar) guideline value

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

How the guideline value of Dr.Radhakrishnan Street (Balaji Nagar) has changed

Over the years, the guideline value of Dr.Radhakrishnan Street has seen significant changes. In 2003, the guideline value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a change of +39%. By 2017, the value surged to Rs 1,407 per sq.ft, reflecting a remarkable increase of +369%. The 2023 revision brought the value to Rs 2,099 per sq.ft, representing a +49% change from the previous figure. The current guideline value, effective from 1 July 2024, is Rs 2,350 per sq.ft, indicating a +12% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2012 for Dr.Radhakrishnan Street. Overall, from 2003 to 2024, the guideline value has increased by +988%.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Dr.Radhakrishnan Street's 2024 figure above the median.

• Dobikana: Rs 1,760 per sq.ft (2024)
• E.B.Colony 1st Street: Rs 1,870 per sq.ft (2024)
• E.B.Colony 2nd Street: Rs 1,870 per sq.ft (2024)
• Devarj Nagar Extn.,: Rs 1,980 per sq.ft (2024)
• Devaraj Street: Rs 1,760 per sq.ft (2024)
• Devaraj Nagar Pandiyan Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Radhakrishnan Street (Balaji Nagar)

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, making the total cost Rs 2,11,500. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Radhakrishnan Street (Balaji Nagar)?

The Sub Registrar Office that covers Dr.Radhakrishnan Street (Balaji Nagar) 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

When buying or selling property in Anakaputhur, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the transaction and is used by the registration authorities to calculate the applicable charges.

It is important for buyers and sellers to be aware of the current guideline value as it impacts the overall cost of property transactions. Ensuring that the sale price is aligned with or exceeds the guideline value can help avoid complications during registration.

Frequently asked questions

What is the current guideline value of Dr.Radhakrishnan Street (Balaji Nagar)?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 216 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of +988% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which office handles registrations for Dr.Radhakrishnan Street?

The Pammal Sub Registrar Office is responsible for registrations in Dr.Radhakrishnan Street (Balaji Nagar), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for the 501 streets in Anakaputhur is Rs 1,980 per sq.ft, with Dr.Radhakrishnan Street's current value being above this median.