Guideline Value for AG'S COLONY BALAJI NAGAR 1 TO 5 STREETS

Ag's Colony Balaji Nagar 1 To 5 Streets guideline value

The current guideline value for Ag's Colony Balaji Nagar 1 To 5 Streets is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ag's Colony Balaji Nagar 1 To 5 Streets has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft, marking a drop of 33%. The value increased significantly in the 2023 revision to Rs 2,000 per sq.ft, and then further rose to Rs 2,200 per sq.ft in the 2024 revision, representing a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kilkattalai

In Kilkattalai, there are 194 streets under the Pallavaram SRO that carry a guideline value for 2024, ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Ag's Colony Balaji Nagar 1 To 5 Streets below this median.

• A.G.Karmegam Nagar: Rs 2,530 per sq.ft (2024)
• Agasthiyar Street: Rs 2,160 per sq.ft (2024)
• Alamelumangapuram: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram 1st M.Road: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram,1 To 3 Streets: Rs 4,125 per sq.ft (2024)
• Alandur Main Road: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Ag's Colony Balaji Nagar 1 To 5 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. Note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ag's Colony Balaji Nagar 1 To 5 Streets?

The Sub Registrar Office that covers Ag's Colony Balaji Nagar 1 To 5 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kilkattalai. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that transactions are conducted fairly and transparently.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the registration process. This ensures that both parties in the transaction are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value for Ag's Colony Balaji Nagar 1 To 5 Streets?

The current guideline value for Ag's Colony Balaji Nagar 1 To 5 Streets is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Ag's Colony Balaji Nagar 1 To 5 Streets?

Ag's Colony Balaji Nagar 1 To 5 Streets is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Ag's Colony Balaji Nagar 1 To 5 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.