Guideline Value for Ballat Sankaran Street

Ballat Sankaran Street guideline value

The current guideline value of Ballat Sankaran 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 area is Commercial Class I Type - III.

How the guideline value of Ballat Sankaran Street has changed

The guideline value for Ballat Sankaran Street has seen several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased significantly to Rs 8,500 per sq.ft in 2012, marking a rise of 183%. However, by 2017, the value decreased to Rs 5,695 per sq.ft, reflecting a decline of 33%. Following this, the value surged to Rs 8,500 per sq.ft in 2023, and then rose again to Rs 9,300 per sq.ft in 2024, representing a 9% increase.

There are no figures available for the revisions in 2002 and 2003 for Ballat Sankaran Street. Overall, from 2007 to 2024, the guideline value has increased by 210%.

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 in this area is Rs 8,800 per sq.ft, placing Ballat Sankaran Street's 2024 figure above this median.

• Ballat Narayani Amma Street: Rs 9,300 per sq.ft (2024)
• Ballat Madhavan Road: 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 Sankaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value would be 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 to Rs 8,37,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ballat Sankaran Street?

The Sub Registrar Office that covers Ballat Sankaran Street is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Ballat Sankaran Street?

The current guideline value of Ballat Sankaran 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 several times, with the most recent increase from Rs 8,500 per sq.ft in 2023 to Rs 9,300 per sq.ft in 2024, a rise of 9%. The overall increase from 2007 to 2024 is 210%.

What is the land classification for Ballat Sankaran Street?

Ballat Sankaran Street is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.

Where can I find the Sub Registrar Office for Ballat Sankaran Street?

The Sub Registrar Office for Ballat Sankaran Street is located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is stamp duty calculated for properties on Ballat Sankaran Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 93,00,000, the stamp duty would be Rs 6,51,000 at a rate of 7%.