Guideline Value

Corporate

Guideline Value for Balaji Nagar 5th Cross Street

₹4400/sq.ft.

The guideline value for Balaji Nagar 5th 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 ₹2680 /sq.ft.
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 5th Cross Street

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Balaji Nagar 5th Cross Street guideline value

The current guideline value of Balaji Nagar 5th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Balaji Nagar 5th Cross Street has changed

The guideline value for Balaji Nagar 5th Cross Street has undergone several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. However, from 2017 to 2023, the value saw a substantial rise to Rs 4,000 per sq.ft, and in the latest revision for 2024, it is now Rs 4,400 per sq.ft.

Between the revisions, the changes are notable. From 2007 to 2012, the value increased by 344%. The value then decreased by 33% from 2012 to 2017. However, from 2017 to 2023, there was a significant increase of 49%, leading to the current guideline value of Rs 4,400 per sq.ft, which represents a total increase of 389% from 2007.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with 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 5th Cross Street above this median.

Stamp duty and registration fee for property in Balaji Nagar 5th 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 to Rs 3,96,000. It is important to note that the 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 Balaji Nagar 5th Cross Street?

The Sub Registrar Office that covers Balaji Nagar 5th Cross 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 property transactions in Kolathur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware that the guideline value is the basis for calculating these fees, ensuring that the transaction is legally compliant.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Balaji Nagar 5th Cross Street?

The current guideline value of Balaji Nagar 5th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the median guideline value in Kolathur?

The median guideline value in Kolathur is Rs 3,300 per sq.ft, with Balaji Nagar 5th Cross Street's value being above this median.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Balaji Nagar 5th Cross Street?

The Sembiam Sub Registrar Office handles the registration for Balaji Nagar 5th Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.