Guideline Value for Ballat Narayani Amma Street

Ballat Narayani Amma Street guideline value

The current guideline value of Ballat Narayani Amma Street is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village and falls under the Chennai Central Joint II SRO. The land classification for this street is Commercial Class I Type - III.

How the guideline value of Ballat Narayani Amma Street has changed

Over the years, the guideline value of Ballat Narayani Amma Street has experienced several revisions. The 2007 revision set the value at Rs 3,000 per sq.ft, which increased significantly to Rs 8,500 per sq.ft in 2012. However, this figure saw a decrease to Rs 5,695 per sq.ft in 2017. In the following years, the value rose to Rs 8,500 per sq.ft in 2023, and currently stands at Rs 9,300 per sq.ft from the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2023 to 2024 reflects a 9% increase. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 210%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nungambakkam

Nungambakkam village has a total of 270 streets under the Chennai Central Joint II SRO, with guideline values ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, making the current value of Ballat Narayani Amma Street above this median.

• Ballat Madhavan Road: Rs 9,300 per sq.ft (2024)
• Ballat Sankaran Street: Rs 9,300 per sq.ft (2024)
• Ballat Madhavan 1st Cross Street: Rs 9,300 per sq.ft (2024)
• Balamuthu Krishnan Colony: Rs 9,300 per sq.ft (2024)
• Begum Sahib 1st Street: Rs 9,900 per sq.ft (2024)
• Begum Sahib 2nd Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ballat Narayani Amma Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value amounts to Rs 93,00,000. The stamp duty at 7% would be Rs 6,51,000, and the registration fee at 2% would be Rs 1,86,000, bringing the total fees to Rs 8,37,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ballat Narayani Amma Street?

The Sub Registrar Office that covers Ballat Narayani Amma Street is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Nungambakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning during property transactions.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's worth.

Frequently asked questions

What is the current guideline value of Ballat Narayani Amma Street?

The current guideline value of Ballat Narayani Amma Street is Rs 9,300 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 3,000 per sq.ft in 2007 to Rs 9,300 per sq.ft in 2024, reflecting an overall increase of 210% over the years.

What is the land classification for Ballat Narayani Amma Street?

Ballat Narayani Amma Street is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 93,00,000, the stamp duty would be Rs 6,51,000 and the registration fee would be Rs 1,86,000, totaling Rs 8,37,000.

Which office handles registrations for Ballat Narayani Amma Street?

The Chennai Central Joint II Sub Registrar Office handles registrations for Ballat Narayani Amma Street, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.