Guideline Value

Corporate

Guideline Value for Balaji Nagar 8th Street

₹4400/sq.ft.

The guideline value for Balaji Nagar 8th 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 8th Street

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Balaji Nagar 8th Street guideline value

The current guideline value of Balaji Nagar 8th 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 it falls under the Residential Special Type - I land classification.

How the guideline value of Balaji Nagar 8th Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. From 2017 to 2023, the value rose sharply to Rs 4,000 per sq.ft, and in the latest 2024 revision, it stands at Rs 4,400 per sq.ft. The overall increase from 2007 to 2024 is 389%.

The changes between the revisions are notable. From 2007 to 2012, there was a substantial increase of 344%. However, from 2012 to 2017, the value decreased by 33%. The guideline value then increased by 49% from 2017 to 2023, followed by a 10% rise from 2023 to 2024. The register does not have figures for the years 2002 and 2003 for this street.

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 is Rs 3,300 per sq.ft, placing Balaji Nagar 8th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Balaji Nagar 8th 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 and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Balaji Nagar 8th Street?

The Sub Registrar Office that covers Balaji Nagar 8th 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 is a crucial factor when registering property in Kolathur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When you buy or sell property, the guideline value must be considered alongside the sale price. The higher amount between the guideline value and the sale price is used to determine the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Balaji Nagar 8th Street?

The current guideline value of Balaji Nagar 8th 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 seen significant changes, increasing from Rs 900 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 389%.

What is the registration office for Balaji Nagar 8th Street?

The registration office for Balaji Nagar 8th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is typically charged at 7% of the applicable amount.

What other streets in Kolathur have the same guideline value?

Other streets in Kolathur with the same guideline value of Rs 4,400 per sq.ft include Balaji Nagar 8th Cross Street, Balaji Nagar 9th Street, Balaji Nagar 7th Street, Balaji Nagar 7th Cross Street, Balaji Nagar 6th Street, and Balaji Nagar 6th Cross Street.