Guideline Value for BABUJI NAGAR & ST

Babuji Nagar & St guideline value

The current guideline value of Babuji Nagar & St is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Babuji Nagar & St has changed

Since the 2017 revision, the guideline value for Babuji Nagar & St has seen significant changes. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 raised the value further to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO carrying a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the 2024 guideline value for Babuji Nagar & St.

• Bajanai Koil St: Rs 440 per sq.ft (2024)
• Balaji Avenue: Rs 768 per sq.ft (2024)
• Aswini Nagar: Rs 770 per sq.ft (2024)
• Balaji Garden: Rs 770 per sq.ft (2024)
• Balaji Nagar: Rs 770 per sq.ft (2024)
• Asian Company: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Babuji Nagar & St

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Babuji Nagar & St?

The Sub Registrar Office that covers Babuji Nagar & St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role in the registration process of property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is processed according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Babuji Nagar & St?

The current guideline value of Babuji Nagar & St is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This reflects a total increase of 64% from 2017 to 2024.

What are the other streets in Thiruninravur-B with their guideline values?

Other streets in Thiruninravur-B include Bajanai Koil St at Rs 440 per sq.ft, Balaji Avenue at Rs 768 per sq.ft, and Aswini Nagar, Balaji Garden, and Balaji Nagar all at Rs 770 per sq.ft.

What is the stamp duty rate for properties in Babuji Nagar & St?

The stamp duty rate for properties in Babuji Nagar & St is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Babuji Nagar & St?

The Avadi Sub Registrar Office handles property registrations for Babuji Nagar & St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.