Guideline Value for BABA NAGAR

Baba Nagar guideline value

The current guideline value of Baba Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is part of Sriperumbudur B village, under the Sriperumpudur SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Baba Nagar has changed

The guideline value for Baba Nagar has remained consistent at Rs 2,000 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, there are no figures available in the register for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has not changed between the 2023 and 2024 revisions, showing a change of +0%. The consistent value reflects stability in the registration figures for this area.

Guideline values in Sriperumbudur B

In Sriperumbudur B, there are 114 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 3,000 per sq.ft, with a median of Rs 902 per sq.ft. Baba Nagar's 2024 figure is above this median.

• Doctors Vijayam Township Extension: Rs 1,800 per sq.ft (2024)
• Kasthuri Nagar: Rs 804 per sq.ft (2024)
• Krishna Nagar: Rs 1,206 per sq.ft (2024)
• Prithvi Nagar: Rs 1,005 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,206 per sq.ft (2024)
• Adhilakshmi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, together totaling Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Baba Nagar?

Baba Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Sriperumbudur B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, which helps in maintaining transparency in the real estate market. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Baba Nagar?

The current guideline value of Baba Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 2,000 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Baba Nagar?

Baba Nagar is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.

Where can I find the Sub Registrar Office for Baba Nagar?

The Sub Registrar Office covering Baba Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,40,000 at 7% of the guideline value.