Guideline Value for Rajiv Gandhi Sreet (Balaji Nagar)

Rajiv Gandhi Sreet (Balaji Nagar) guideline value

The current guideline value of Rajiv Gandhi Sreet (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 Rajiv Gandhi Sreet (Balaji Nagar) has changed

The guideline value has undergone several revisions over the years. In 2003, the value was Rs 234 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a rise of 28%. The next revision in 2017 saw a significant jump to Rs 1,407 per sq.ft, representing a 369% increase. Following this, the 2023 revision set the value at Rs 2,099 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 has raised the guideline value to Rs 2,350 per sq.ft, reflecting a 12% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2012 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, with a median value of Rs 1,980 per sq.ft. The guideline value of Rajiv Gandhi Sreet (Balaji Nagar) at Rs 2,350 per sq.ft is above this median.

• Rajiv Gandhi Nagar: Rs 2,350 per sq.ft (2024)
• Ramalingaswamy Madham Street: Rs 2,350 per sq.ft (2024)
• Rajamanikam Street (L.R.) (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Rajaji Salai(karikalan nagar): Rs 2,860 per sq.ft (2024)
• Rangaiya Chetty Street: Rs 1,760 per sq.ft (2024)
• Ragavendra Koil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Sreet (Balaji Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 2,350 per sq.ft, the 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 to Rs 2,11,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Gandhi Sreet (Balaji Nagar)?

The Sub Registrar Office that covers Rajiv Gandhi Sreet (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 is a critical factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable fees. This ensures that the registration process is transparent and consistent across different properties in the area.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Sreet (Balaji Nagar)?

The current guideline value of Rajiv Gandhi Sreet (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 from Rs 234 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, which is an overall increase of 904% over the years.

What is the land classification of Rajiv Gandhi Sreet (Balaji Nagar)?

Rajiv Gandhi Sreet (Balaji Nagar) is classified as Residential Class III Type - I.

Where can I find the registration office for properties in this area?

The registration office for properties in Rajiv Gandhi Sreet (Balaji Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the 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 with a guideline value of Rs 23,50,000, the stamp duty would be calculated accordingly.