Guideline Value for NEW BALAJI NAGAR AVENUE

New Balaji Nagar Avenue guideline value

The current guideline value of New Balaji Nagar Avenue is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Anupampattu village under the Ponneri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of New Balaji Nagar Avenue has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained the same in the 2017 revision, where it was also Rs 300 per sq.ft. However, the 2017 revision saw a significant increase from the 2012 figure of Rs 201 per sq.ft, marking a 49% rise. The guideline value then remained unchanged at Rs 300 per sq.ft in the 2023 revision.

With the latest 2024 revision, the guideline value for New Balaji Nagar Avenue continues to be Rs 300 per sq.ft, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with the median being Rs 300 per sq.ft. New Balaji Nagar Avenue's 2024 figure is equal to this median.

• Msv Nagar: Rs 400 per sq.ft (2024)
• M R Garden: Rs 300 per sq.ft (2024)
• Meenakshi Amman Nagr: Rs 300 per sq.ft (2024)
• Medthina City: Rs 300 per sq.ft (2024)
• Prime Woods Nagar: Rs 300 per sq.ft (2024)
• Rail Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in New Balaji Nagar Avenue

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Balaji Nagar Avenue?

The Sub Registrar Office that covers New Balaji Nagar Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anupampattu. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of New Balaji Nagar Avenue?

The current guideline value of New Balaji Nagar Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 300 per sq.ft. The value increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in subsequent revisions.

What is the land classification for New Balaji Nagar Avenue?

New Balaji Nagar Avenue is classified under Residential Class II Type - I. This classification indicates the type of use permitted for the land in this area.

What are the stamp duty and registration fees for properties in New Balaji Nagar Avenue?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for New Balaji Nagar Avenue?

The Ponneri Sub Registrar Office handles property registration for New Balaji Nagar Avenue. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.