Guideline Value for BABAVIN SRI VENKAIAH GARDEN

Babavin Sri Venkaiah Garden guideline value

The current guideline value of Babavin Sri Venkaiah Garden is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Senchiyakaram village under the Oothukkottai SRO, classified as Residential Class II Type - I.

How the guideline value of Babavin Sri Venkaiah Garden has changed

The guideline value for Babavin Sri Venkaiah Garden has seen several revisions over the years. The 2012 revision set the value at Rs 75 per sq.ft, which increased to Rs 50 per sq.ft in 2017. Following this, the value rose significantly to Rs 100 per sq.ft in both the 2023 and 2024 revisions, indicating a 100% increase from 2017 to 2023 and no change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 33%.

Guideline values in Senchiyakaram

In Senchiyakaram, four streets carry a guideline value of Rs 100 per sq.ft as of 2024, with Babavin Sri Venkaiah Garden matching the median value of the area. The other streets in Senchiyakaram include:

• Babavin Sri Perumal Garden: Rs 100 per sq.ft (2024)
• Bismilla Nagar: Rs 100 per sq.ft (2024)
• Sri Sai Balajinagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Babavin Sri Venkaiah Garden

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 Babavin Sri Venkaiah Garden?

The Oothukkottai Sub Registrar Office covers Babavin Sri Venkaiah Garden, located near Government Hospital Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Senchiyakaram. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is documented at a price that reflects the official value set by the authorities, thereby maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Babavin Sri Venkaiah Garden?

The current guideline value of Babavin Sri Venkaiah Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then to Rs 100 per sq.ft in both 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the other streets with the same guideline value in Senchiyakaram?

Other streets in Senchiyakaram with the same guideline value of Rs 100 per sq.ft include Babavin Sri Perumal Garden, Bismilla Nagar, and Sri Sai Balajinagar.

What is the stamp duty for property in Babavin Sri Venkaiah Garden?

The stamp duty for property in Babavin Sri Venkaiah Garden is 7% of the guideline value. For a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Where can I find the Sub Registrar Office for Babavin Sri Venkaiah Garden?

The Oothukkottai Sub Registrar Office covers Babavin Sri Venkaiah Garden, located near Government Hospital Uthukottai, 602026, Chennai registration zone.