Guideline Value

Corporate

Guideline Value for BABU NAGAR 3RD STREET

₹2750/sq.ft.

The guideline value for Babu Nagar 3rd Street in Medavakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medavakkam

Village

Chennai South Joint I

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Babu Nagar 3rd Street

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Babu Nagar 3rd Street guideline value

The current guideline value of Babu Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Medavakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Babu Nagar 3rd Street has changed

The guideline value for Babu Nagar 3rd Street has seen several revisions over the years. The 2012 revision was set at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous figure in 2017, which was Rs 1,675 per sq.ft. The next revision in 2017 saw a significant increase of 49%, bringing the value to Rs 2,500 per sq.ft in 2023.

The most recent revision in 2024 has increased the guideline value to Rs 2,750 per sq.ft, marking a 10% increase from the 2023 figure. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,540 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Babu Nagar 3rd Street's 2024 figure above this median.

Stamp duty and registration fee for property in Babu Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees together Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Babu Nagar 3rd Street?

Babu Nagar 3rd Street falls under the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Medavakkam. It serves as a reference for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties to understand the official valuation of the property. This value can influence negotiations and ensure transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Babu Nagar 3rd Street?

The current guideline value of Babu Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, which is a 10% increase. It was Rs 1,675 per sq.ft in 2017, and the value saw a significant increase of 49% to reach Rs 2,500 per sq.ft in 2023.

What is the land classification for Babu Nagar 3rd Street?

Babu Nagar 3rd Street is classified as Commercial Class I Type - III. This classification can affect the types of developments and businesses that can be established in the area.

Where can I find the Sub Registrar Office for Babu Nagar 3rd Street?

The Sub Registrar Office covering Babu Nagar 3rd Street is located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value for streets in Medavakkam?

The median guideline value for streets in Medavakkam is Rs 2,200 per sq.ft. Babu Nagar 3rd Street's current guideline value is above this median, indicating a higher valuation compared to many other streets in the area.