Guideline Value for AMARA BABU STREET

Amara Babu Street guideline value

The current guideline value of Amara Babu Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Amara Babu Street has changed

The guideline value for Amara Babu Street has seen several revisions over the years. In 2002, it was set at Rs 511 per sq.ft, which increased to Rs 561 per sq.ft in 2003, marking a 10% rise. The value then experienced a significant jump to Rs 900 per sq.ft in 2007, reflecting a 60% increase. By 2012, the guideline value remained unchanged at Rs 4,000 per sq.ft, and this figure persisted until the next revision in 2023, where it again held steady at Rs 4,000 per sq.ft.

The most recent revision in 2024 saw the guideline value increase to Rs 4,400 per sq.ft, which is a 10% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 761%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Amara Babu Street's 2024 figure below this median.

• Alagiri Puram 2nd Street: Rs 4,400 per sq.ft (2024)
• Alagiri Puram 1st Street: Rs 4,400 per sq.ft (2024)
• Alagiri Nagar Main Road: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar East Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 7th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 6th Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Amara Babu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Amara Babu Street?

The Sub Registrar Office that covers Amara Babu Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Puliyur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on an official valuation of the property rather than the sale price alone.

Frequently asked questions

What is the current guideline value of Amara Babu Street?

The current guideline value of Amara Babu Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 511 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 761% over the years.

What is the registration office for Amara Babu Street?

The registration office for Amara Babu Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty and registration fees for properties in Amara Babu Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find more information about guideline values in Puliyur?

For more information about guideline values in Puliyur, you can refer to the official guideline value register maintained by the Registration Department.