Guideline Value for SRI BALAJI NAGAR(WEST) KATTANKOLATHUR (WARD -18)

Sri Balaji Nagar(West) Kattankolathur (Ward -18) guideline value

The current guideline value of Sri Balaji Nagar(West) Kattankolathur (Ward -18) is Rs 990 per sq.ft, effective from 1 July 2024. This area is part of Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Sri Balaji Nagar(West) Kattankolathur (Ward -18) has changed

The guideline value for Sri Balaji Nagar(West) Kattankolathur has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft, marking a decrease of 33%. The 2023 revision saw a significant increase to Rs 900 per sq.ft, and the latest revision in 2024 further increased it to Rs 990 per sq.ft, reflecting a 10% rise from the previous year.

In summary, the guideline value has changed from Rs 900 in 2012 to Rs 990 in 2024, showing an overall increase of 10% over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that Sri Balaji Nagar(West) Kattankolathur's 2024 figure is below this median.

• Sri Bavani Nagar Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Balaji Nagar Extension: Rs 660 per sq.ft (2024)
• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 660 per sq.ft (2024)
• Sri Chandra Surya Gardens (Ward -15): Rs 990 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 per sq.ft (2024)
• Sree Siva Sakthi Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Balaji Nagar(West) Kattankolathur (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost for these fees Rs 89,100. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Balaji Nagar(West) Kattankolathur (Ward -18)?

The Sub Registrar Office covering Sri Balaji Nagar(West) Kattankolathur (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the property registration process.

When a buyer or seller engages in a transaction, the guideline value ensures that the fees are calculated based on a standardized value, thereby promoting transparency in property dealings. This helps in avoiding discrepancies in property valuations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Balaji Nagar(West) Kattankolathur (Ward -18)?

The current guideline value of Sri Balaji Nagar(West) Kattankolathur (Ward -18) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 in 2012 to Rs 990 in 2024, with notable changes including a drop to Rs 603 in 2017 and a rise back to Rs 900 in 2023.

What is the land classification for Sri Balaji Nagar(West) Kattankolathur?

The land classification for Sri Balaji Nagar(West) Kattankolathur is Residential Class I Type - II.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator.

What is the address of the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.