Guideline Value for BABUJI ST

Babuji St guideline value

The current guideline value of Babuji St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Babuji St has changed

Since the 2012 revision, the guideline value for Babuji St has seen several changes. In the 2012 revision, the value was set at Rs 850 per sq.ft. This figure remained the same in the 2023 revision, where the value was revised to Rs 850 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 935 per sq.ft, marking a 10% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Looking further back, the 2017 revision recorded a guideline value of Rs 569 per sq.ft, which was a decrease of 33% from the 2012 figure. The 2023 revision then saw a significant increase of 49% from the 2017 value, bringing it to Rs 850 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, which is the same as the current guideline value for Babuji St.

• BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE: Rs 1,650 per sq.ft (2024)
• Bajanai Koil St: Rs 935 per sq.ft (2024)
• Bakthavachalam St: Rs 1,310 per sq.ft (2024)
• Balaji 1st Cross St: Rs 1,310 per sq.ft (2024)
• Balaji 2nd Cross St: Rs 1,310 per sq.ft (2024)
• Balaji 3rd Cross St: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Babuji St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, making a total of Rs 84,150. It is important to note that the 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 details.

Which Sub Registrar Office covers Babuji St?

The Sub Registrar Office that covers Babuji 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a buyer approaches the registration office, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Babuji St?

The current guideline value of Babuji St is Rs 935 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 850 per sq.ft to Rs 935 per sq.ft in 2024. This represents an overall increase of 10% from 2012 to 2024.

What is the land classification for Babuji St?

Babuji St is classified under Residential Class II Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Babuji St?

The Avadi Sub Registrar Office covers Babuji St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Babuji St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 at a rate of 7%.