Guideline Value for Kumaran Street / (Balaji Nagar)

Kumaran Street / (Balaji Nagar) guideline value

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

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

The guideline value for Kumaran Street / (Balaji Nagar) has seen significant changes over the years. In 2003, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This marked a 39% rise. The next revision in 2017 saw a substantial increase to Rs 1,407 per sq.ft, reflecting a 369% change from the 2007 figure. In 2023, the value rose to Rs 2,099 per sq.ft, a 49% increase from the 2017 revision. The latest revision in 2024 sets the guideline value at Rs 2,350 per sq.ft, which is a 12% increase from the previous year.

There are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 988%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, making the current value of Kumaran Street / (Balaji Nagar) above this median.

• Kumaran Nagar: Rs 2,350 per sq.ft (2024)
• Kutty Nadar Street: Rs 1,760 per sq.ft (2024)
• Kulakarai Street 1st Street: Rs 2,860 per sq.ft (2024)
• Kulakarai Street: Rs 2,860 per sq.ft (2024)
• Labour School Street: Rs 2,350 per sq.ft (2024)
• Labour School Street IIIrd Cross Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran 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 would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, while the registration fee at 2% would be Rs 47,000. Therefore, the total cost for stamp duty and registration would be 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.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran Street / (Balaji Nagar)?

The Sub Registrar Office that covers Kumaran 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

The guideline value plays a crucial role during property registration 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. Buyers and sellers must be aware of the guideline value to ensure accurate financial planning during transactions.

When registering a property, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kumaran 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 increased 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 is the land classification for Kumaran Street / (Balaji Nagar)?

The land classification for Kumaran Street / (Balaji Nagar) is Residential Class III Type - I.

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

The Sub Registrar Office for Kumaran Street / (Balaji Nagar) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Anakaputhur?

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