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Guideline Value

Corporate

Guideline Value for Balaji Nagar 3rd Cross Street

₹4400/sq.ft.

The guideline value for Balaji Nagar 3rd Cross Street in Kolathur village (Sembiam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Balaji Nagar 3rd Cross Street

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Balaji Nagar 3rd Cross Street guideline value

The current guideline value of Balaji Nagar 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the jurisdiction of the Sembiam SRO, and is classified as Residential Special Type - I.

How the guideline value of Balaji Nagar 3rd Cross Street has changed

Over the years, the guideline value for Balaji Nagar 3rd Cross Street has seen significant changes. The earliest recorded revision was in 2007, where the guideline value was Rs 900 per sq.ft. This value remained unchanged until the 2012 revision, which also recorded Rs 4,000 per sq.ft. In the subsequent revision in 2023, the value remained at Rs 4,000 per sq.ft, but it increased to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2007 to 2012, there was a substantial increase of 344%, bringing the value to Rs 4,000 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 389%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Balaji Nagar 3rd Cross Street above this median at Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in Balaji Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar 3rd Cross Street?

The Sub Registrar Office that covers Balaji Nagar 3rd Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kolathur. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current guideline values in their area to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar 3rd Cross Street?

The current guideline value of Balaji Nagar 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly from Rs 900 per sq.ft to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 389%.

What is the land classification for Balaji Nagar 3rd Cross Street?

Balaji Nagar 3rd Cross Street is classified as Residential Special Type - I.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.