Guideline Value for BABA NAGAR

Baba Nagar guideline value

The current guideline value of Baba Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Baba Nagar has changed

In the 2017 revision, the guideline value was Rs 938 per sq.ft. This figure increased to Rs 1,400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 shows an increase to Rs 1,540 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is equal to the current value of Baba Nagar.

• Azhagarsamy Nagar: Rs 1,210 per sq.ft (2024)
• Ashok Nandavanam: Rs 2,860 per sq.ft (2024)
• Arunachaleshwar Nagar: Rs 1,430 per sq.ft (2024)
• Arumugam Nagar: Rs 1,760 per sq.ft (2024)
• Arulmurugan Nagar: Rs 1,210 per sq.ft (2024)
• Arul Jothi Nagar: Rs 1,210 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 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Baba Nagar?

The Sub Registrar Office that covers Baba Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as determined by the local government. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Baba Nagar?

The current guideline value of Baba Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is an overall increase of 64%.

What was the guideline value in 2023?

The guideline value in 2023 was Rs 1,400 per sq.ft, which marked a 49% increase from the 2017 figure.

Where can I find the registration office for Baba Nagar?

The registration office for Baba Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated in Baba Nagar?

The stamp duty in Baba Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.