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

₹990/sq.ft.

The guideline value for Sri Balaji Nagar(west) Kattankolathur (ward -18) in Panangottur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Panangottur

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Balaji Nagar(west) Kattankolathur (ward -18)

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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 located in Panangottur village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

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

Over the years, the guideline value for Sri Balaji Nagar(West) Kattankolathur has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in 2017. Following this, the value increased to Rs 900 per sq.ft in 2023, and currently stands at Rs 990 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The current value reflects a 10% increase from the previous year, 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, placing Sri Balaji Nagar(West) Kattankolathur at this median value.

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 rate of Rs 990 per sq.ft, the guideline value is Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. 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 Sri Balaji Nagar(West) Kattankolathur (Ward -18)?

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

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

The guideline value is a critical factor in the registration of property transactions in Panangottur. It serves as the minimum value for which property can be registered, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value determines the stamp duty and registration fees payable, which are calculated based on this value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions.

Frequently asked questions

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

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 several times, with the most recent increase being from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024, reflecting a 10% increase.

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

Sri Balaji Nagar(West) Kattankolathur is classified as Residential Class I Type - II.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is the stamp duty calculated for properties in Sri Balaji Nagar(West) Kattankolathur?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300.