Guideline Value for RAM BALAJI NAGAR

Ram Balaji Nagar guideline value

The current guideline value of Ram Balaji Nagar is Rs 520 per sq.ft, effective from 1 July 2024. This area is located in Kizhottivakkam village, under the Walajabad Sub Registrar Office (SRO). The land classification for this street is Residential Special Type - II.

How the guideline value of Ram Balaji Nagar has changed

The guideline value register shows no figures for Ram Balaji Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision, which is Rs 520 per sq.ft.

As there are no figures for the previous years, we can only note that the current guideline value reflects the latest revision. The register has not indicated any changes between the revisions listed above.

Guideline values in Kizhottivakkam

Kizhottivakkam village has 12 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 750 per sq.ft. The median value is Rs 510 per sq.ft, placing Ram Balaji Nagar's 2024 figure above this median.

• Sai Nagar: Rs 350 per sq.ft (2024)
• S.D.Garden: Rs 750 per sq.ft (2024)
• Subhedar M.E Selvaraj Gandhimadhi Nagar: Rs 350 per sq.ft (2024)
• Unnamed Layout-S.No:3/2d: Rs 500 per sq.ft (2024)
• Jayam Nagar: Rs 750 per sq.ft (2024)
• Balu Garden -II: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 520 per sq.ft, the total guideline value amounts to Rs 5,20,000. The stamp duty at 7% would be Rs 36,400, and the registration fee at 2% would be Rs 10,400, bringing the total fees to Rs 46,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ram Balaji Nagar?

Ram Balaji Nagar falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kizhottivakkam, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is crucial for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value is necessary to comply with legal requirements.

Frequently asked questions

What is the current guideline value of Ram Balaji Nagar?

The current guideline value of Ram Balaji Nagar is Rs 520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register shows no figures for Ram Balaji Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What is the land classification for Ram Balaji Nagar?

Ram Balaji Nagar is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property in Ram Balaji Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 46,800, which includes stamp duty and registration fees.

Which Sub Registrar Office covers Ram Balaji Nagar?

Ram Balaji Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.