Guideline Value for BABU RAJENDRAPRASAD STREET

Babu Rajendraprasad Street guideline value

The current guideline value of Babu Rajendraprasad Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - II.

How the guideline value of Babu Rajendraprasad Street has changed

The guideline value for Babu Rajendraprasad Street has seen several revisions over the years. Starting from Rs 906 per sq.ft in 2002, it increased to Rs 1,005 per sq.ft in 2003, marking an 11% rise. By 2007, the value surged to Rs 1,500 per sq.ft, which was a significant increase of 49%. The value remained at Rs 1,500 per sq.ft until 2012, when it was revised to Rs 6,500 per sq.ft, a remarkable increase of 333%.

In 2023, the guideline value was maintained at Rs 6,500 per sq.ft, showing no change from the previous revision. However, in 2024, the value rose to Rs 7,100 per sq.ft, reflecting a 9% increase from 2023. It is important to note that there is no figure available for the year 2017 in the register for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Babu Rajendraprasad Street's 2024 figure above this median.

• Bajanai Koil 1st Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 1st Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Cross Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 3rd Lane: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Babu Rajendraprasad Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Babu Rajendraprasad Street?

The Sub Registrar Office that covers Babu Rajendraprasad Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the value of the property and is used to calculate the applicable stamp duty and registration fees.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, helping to prevent undervaluation. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Babu Rajendraprasad Street?

The current guideline value of Babu Rajendraprasad Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 906 per sq.ft to Rs 7,100 per sq.ft in 2024, marking an overall increase of 684%.

What is the land classification for Babu Rajendraprasad Street?

The land classification for Babu Rajendraprasad Street is Residential Special Type - II.

Where can I find the registration office for Babu Rajendraprasad Street?

The registration office for Babu Rajendraprasad Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Babu Rajendraprasad Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,97,000.