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Guideline Value

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Guideline Value for Periayar Street (Balaji Nagar)

₹2350/sq.ft.

The guideline value for Periayar Street (balaji Nagar) in Anakaputhur village (Pammal SRO, Chengalpattu zone) is Rs 2350 per sq.ft, effective 1 July 2024. It was Rs 2099 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Anakaputhur

Village

Pammal

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2350 /sq.ft.
From 1-4-2023 ₹2099 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1407 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹216 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Periayar Street (balaji Nagar)

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Periayar Street (Balaji Nagar) guideline value

The current guideline value of Periayar 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 falls under the Residential Class III Type - I land classification.

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

The guideline value of Periayar Street (Balaji Nagar) has seen significant changes over the years. In 2003, the guideline value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 39% rise. By 2017, the value had jumped to Rs 1,407 per sq.ft, reflecting a remarkable increase of 369%. The 2023 revision set the value at Rs 2,099 per sq.ft, a 49% increase from the previous revision. The latest revision in 2024 has established the current guideline value at Rs 2,350 per sq.ft, which is a 12% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 988%.

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, with a median value of Rs 1,980 per sq.ft. The guideline value of Periayar Street (Balaji Nagar) is above this median, indicating its relative position within the village.

Stamp duty and registration fee for property in Periayar 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, and the registration fee at 2% would be Rs 47,000, bringing the total 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Periayar 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 details.

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

The guideline value is a crucial factor when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at fair values as per the government regulations.

At the time of registration, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions. This ensures that both the buyer and seller comply with the legal requirements set forth by the state.

Frequently asked questions

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

The current guideline value of Periayar 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?

Since 2003, the guideline value has increased significantly, from Rs 216 per sq.ft to Rs 2,350 per sq.ft in 2024, representing an overall increase of 988%.

What are the stamp duty rates for property transactions in this area?

The stamp duty for property transactions in Periayar Street (Balaji Nagar) is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Periayar Street (Balaji Nagar)?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, is responsible for property registrations in this area.

Are there other streets in Anakaputhur with different guideline values?

Yes, there are several other streets in Anakaputhur with varying guideline values, ranging from Rs 1,320 to Rs 4,640 per sq.ft, with the median being Rs 1,980 per sq.ft.