Guideline Value for Sri Balaji Nagar

Sri Balaji Nagar guideline value

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

How the guideline value of Sri Balaji Nagar has changed

The guideline value of Sri Balaji Nagar has seen significant changes over the years. Starting with the 2002 revision, the guideline value was Rs 65 per sq.ft. This increased to Rs 221 per sq.ft in 2003, marking a remarkable rise of 240%. The value continued to climb, reaching Rs 575 per sq.ft in 2007, which represented a 160% increase from the previous revision. The 2017 revision saw the guideline value rise to Rs 1,407 per sq.ft, a substantial increase of 145% from 2007. The 2023 revision brought the value to Rs 2,099 per sq.ft, reflecting a 49% increase from 2017. Finally, the current guideline value for 2024 is Rs 2,350 per sq.ft, indicating a 12% increase from the previous year. Notably, there is no figure available for the 2012 revision 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 this area is Rs 1,980 per sq.ft, placing Sri Balaji Nagar's 2024 figure above this median.

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

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, making the total cost for these fees Rs 2,11,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Balaji Nagar?

The Sub Registrar Office that covers Sri Balaji Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and aids in avoiding undervaluation. Buyers should be aware of the guideline value to ensure they are paying a fair price for the property they are interested in.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar?

The current guideline value of Sri Balaji Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 65 per sq.ft to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 3515%.

What is the registration office for Sri Balaji Nagar?

The registration office for Sri Balaji Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,11,500.

Where can I find more information about guideline values in Anakaputhur?

More information about guideline values in Anakaputhur can be found on the Registration Department's guideline value register (TNReginet) and through the links provided for other streets in the area.