Guideline Value for Kattabooman Street (Balaji Nagar)

Kattabooman Street (Balaji Nagar) guideline value

The current guideline value of Kattabooman 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, classified as Residential Class III Type - I.

How the guideline value of Kattabooman Street (Balaji Nagar) has changed

The guideline value of Kattabooman Street (Balaji Nagar) has seen significant changes over the years. In the 2003 revision, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,407 per sq.ft, followed by a further increase to Rs 2,099 per sq.ft in 2023. The current value of Rs 2,350 per sq.ft reflects a 12% increase from the previous year.

Overall, from 2003 to 2024, there has been an increase of 988%. Notably, there are no figures available for the years 2012 and 2002 in the register 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 guideline value in this area is Rs 1,980 per sq.ft, positioning Kattabooman Street (Balaji Nagar) above this median.

• Kaveri Street: Rs 1,760 per sq.ft (2024)
• Kasthuri Bai Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai Nagar Ist Street: Rs 2,350 per sq.ft (2024)
• Kasthuribai Nagar 6th Street: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai Nagar 5th Street: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai Nagar 4th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabooman 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, bringing the total cost 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattabooman Street (Balaji Nagar)?

The Sub Registrar Office that covers Kattabooman 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 additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value. This helps in maintaining transparency in property transactions and ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kattabooman Street (Balaji Nagar)?

The current guideline value of Kattabooman Street (Balaji Nagar) 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 significantly, from Rs 216 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, showing an overall increase of 988% over this period.

What is the land classification for Kattabooman Street (Balaji Nagar)?

Kattabooman Street (Balaji Nagar) is classified as Residential Class III Type - I under the Pammal SRO.

Where can I find the Sub Registrar Office for Kattabooman Street (Balaji Nagar)?

The Sub Registrar Office for Kattabooman Street (Balaji Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 at 7%.