Guideline Value for Balaji Nagar 4th Street

Balaji Nagar 4th Street guideline value

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

How the guideline value of Balaji Nagar 4th Street has changed

The guideline value for Balaji Nagar 4th Street has undergone several revisions over the years. The oldest available revision is from 2007, which set the value at Rs 900 per sq.ft. This figure saw a significant increase to Rs 4,000 per sq.ft in 2012, remaining unchanged until the next revision in 2023, which also retained the value at Rs 4,000 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 389%. Notably, 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 carry 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 4th Street above this median.

• Balaji Nagar 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Balaji Nagar 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Balaji Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Balaji Nagar 6th Cross Street: Rs 4,400 per sq.ft (2024)
• Balaji Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• Balaji Nagar 3rd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 4th Street

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Balaji Nagar 4th Street?

The Sub Registrar Office that covers Balaji Nagar 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on either the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Balaji Nagar 4th Street?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 900 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 389%.

What are the stamp duty and registration fees for properties in Balaji Nagar 4th Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Balaji Nagar 4th Street?

The Sembiam Sub Registrar Office handles property registrations for Balaji Nagar 4th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

Where can I find more information about the guideline values in Kolathur?

You can find more information about the guideline values in Kolathur through the Registration Department's guideline value register (TNReginet) or by visiting the Sembiam SRO.