Guideline Value for BABU AVENUE-III

Babu Avenue-III guideline value

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

How the guideline value of Babu Avenue-III has changed

In the 2017 revision, the guideline value for Babu Avenue-III was Rs 1,300 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,300 per sq.ft. However, the 2024 revision saw an increase of 10%, bringing the guideline value to Rs 1,430 per sq.ft.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 10%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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. The median value for these streets is Rs 990 per sq.ft, placing Babu Avenue-III's current value above this median.

• Babu Avenue II: Rs 1,430 per sq.ft (2024)
• Babu Avenue I: Rs 1,430 per sq.ft (2024)
• Babu Avenue: 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-III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, making the total fees together Rs 1,28,700. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Babu Avenue-III?

The Sub Registrar Office that covers Babu Avenue-III is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Manancheri. It is used to calculate the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to determine the official value of the property, which impacts the taxes owed. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Babu Avenue-III?

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

How has the guideline value changed over the years?

The guideline value for Babu Avenue-III was Rs 1,300 per sq.ft in both the 2017 and 2023 revisions. It increased to Rs 1,430 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

What is the median guideline value in Manancheri?

The median guideline value for streets in Manancheri is Rs 990 per sq.ft, with Babu Avenue-III's value being above this median at Rs 1,430 per sq.ft.

What are the stamp duty and registration fees for properties in Babu Avenue-III?

For a 1,000 sq.ft plot, the total guideline value is Rs 14,30,000. The stamp duty is calculated at 7%, amounting to Rs 1,00,100, while the registration fee at 2% is Rs 28,600, totaling Rs 1,28,700.

Which office handles registrations for Babu Avenue-III?

The Kunrathur Sub Registrar Office handles registrations for Babu Avenue-III, located at No.59, Road Street, Kundrathur, Chennai -600 069.