Guideline Value for Sri Balaji Nagar Cross Street

Sri Balaji Nagar Cross Street guideline value

The current guideline value of Sri Balaji Nagar Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Balaji Nagar Cross Street has changed

The guideline value of Sri Balaji Nagar Cross Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,407 per sq.ft, which was later increased to Rs 2,099 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value further to Rs 2,350 per sq.ft, marking a significant increase of 12% from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, there has been a total increase of 67%. It is important to note that the register has no figures for the years 2002, 2003, 2007, 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. The median guideline value in the village is Rs 1,980 per sq.ft, placing Sri Balaji Nagar Cross Street's 2024 figure above this median.

• Sri Balaji Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Sri Balaji Nagar: Rs 2,350 per sq.ft (2024)
• Srinivasapuram: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 1st Cross Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 1st Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 2nd Cross Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Nagar Cross Street

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 to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Nagar Cross Street?

The Sub Registrar Office that covers Sri Balaji Nagar Cross Street 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 crucial factor in property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is aligned with the prevailing market conditions as recognized by the government.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar Cross Street?

The current guideline value of Sri Balaji Nagar Cross Street 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 from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 67% over this period.

What are the other streets with similar guideline values in Anakaputhur?

Other streets in Anakaputhur with similar guideline values include Sri Balaji Nagar Main Road and Sri Balaji Nagar, both at Rs 2,350 per sq.ft in 2024.

What is the stamp duty for property in Sri Balaji Nagar Cross Street?

The stamp duty for a property valued at Rs 23,50,000 in Sri Balaji Nagar Cross Street would be Rs 1,64,500, calculated at 7% of the guideline value.

Which office handles property registration for Sri Balaji Nagar Cross Street?

The Pammal Sub Registrar Office handles property registration for Sri Balaji Nagar Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.