Guideline Value for BABU AVENUE I

Babu Avenue I guideline value

The current guideline value of Babu Avenue I in Manancheri village, under the Kunrathur SRO, is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Type - III.

How the guideline value of Babu Avenue I has changed

In the 2017 revision, the guideline value for Babu Avenue I was Rs 1,300 per sq.ft. This figure remained unchanged in the 2023 revision, where it was again recorded at Rs 1,300 per sq.ft. However, in the most recent 2024 revision, the guideline value increased to Rs 1,430 per sq.ft, marking a 10% rise from the previous year.

Prior revisions for this street in 2002, 2003, 2007, and 2012 have no figures recorded in the register. Overall, from 2017 to 2024, the guideline value has increased by 10%.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,400 per sq.ft, with a median value of Rs 990 per sq.ft. Babu Avenue I's 2024 figure of Rs 1,430 per sq.ft is above this median.

• Babu Avenue: Rs 1,430 per sq.ft (2024)
• Babu Avenue II: Rs 1,430 per sq.ft (2024)
• Babu Avenue-III: Rs 1,430 per sq.ft (2024)
• Bajanai koil Street: Rs 550 per sq.ft (2024)
• Bajanai koil Street 1st sandhu: Rs 550 per sq.ft (2024)
• Bajanai koil Street 2nd sandhu: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Babu Avenue I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that 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 Babu Avenue I?

Babu Avenue I falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Manancheri. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that transactions are recorded fairly and transparently.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Babu Avenue I?

The current guideline value of Babu Avenue I is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,300 per sq.ft in 2023 to Rs 1,430 per sq.ft in 2024, which is a 10% increase.

What was the guideline value in 2017?

The guideline value for Babu Avenue I was Rs 1,300 per sq.ft in 2017 and remained unchanged until the 2024 revision.

Are there any revisions without figures for Babu Avenue I?

Yes, the register has no figures for Babu Avenue I for the years 2002, 2003, 2007, and 2012.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.