Guideline Value for Balaji Nagar 9th Street

Balaji Nagar 9th Street guideline value

The current guideline value of Balaji Nagar 9th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Special Type - I.

How the guideline value of Balaji Nagar 9th Street has changed

The guideline value of Balaji Nagar 9th Street has seen 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. However, it then decreased to Rs 2,680 per sq.ft in 2017. The value rose again to Rs 4,000 per sq.ft in 2023, and most recently, it has been revised to Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 389%. The register has no 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 guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in the area is Rs 3,300 per sq.ft, placing Balaji Nagar 9th Street's 2024 figure above this median.

• Balaji Nagar 8th Street: Rs 4,400 per sq.ft (2024)
• Balaji Nagar 8th Cross Street: Rs 4,400 per sq.ft (2024)
• Balaji Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Balaji Nagar 7th Cross Street: Rs 4,400 per sq.ft (2024)
• Balaji Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• Balaji Nagar 6th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 9th 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, totaling Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar 9th Street?

The Sub Registrar Office that covers Balaji Nagar 9th 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 in property transactions in Kolathur, as it determines the minimum price at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership.

Frequently asked questions

What is the current guideline value of Balaji Nagar 9th Street?

The current guideline value of Balaji Nagar 9th 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 significantly from Rs 900 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with various increases and decreases in between.

What are the stamp duty and registration fees for properties in this area?

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 9th Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011 handles property registrations for Balaji Nagar 9th Street.

What is the median guideline value in Kolathur?

The median guideline value in Kolathur is Rs 3,300 per sq.ft, with Balaji Nagar 9th Street's current value being above this median.