Guideline Value for BABY ENCLAVE

Baby Enclave guideline value

The current guideline value of Baby Enclave, located in Vijayanallur village under the Redhills SRO, is Rs 540 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Baby Enclave has changed

The guideline value for Baby Enclave has remained consistent at Rs 540 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision set the value at Rs 420 per sq.ft, marking a 29% increase in value from 2017 to 2023 and an overall increase of 29% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the only recorded values for Baby Enclave are from the revisions in 2017, 2023, and 2024.

Guideline values in Vijayanallur

In Vijayanallur, there are 19 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 540 per sq.ft, which is the same as Baby Enclave's current guideline value.

• Anna Nagar: Rs 440 per sq.ft (2024)
• Gnt Road: Rs 2,200 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 550 per sq.ft (2024)
• Kalikambal Nagar: Rs 440 per sq.ft (2024)
• Kalpaga Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Mamannar Maruthupandiar Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Baby Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 540 per sq.ft, the total guideline value would be Rs 5,40,000. The stamp duty at 7% would be Rs 37,800, and the registration fee at 2% would be Rs 10,800, making the total fees Rs 48,600. 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 Baby Enclave?

The Sub Registrar Office that covers Baby Enclave is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

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

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Baby Enclave?

The current guideline value of Baby Enclave is Rs 540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Baby Enclave has remained at Rs 540 per sq.ft since 2023. It increased from Rs 420 per sq.ft in 2017, reflecting a 29% increase over that period.

What is the land classification for Baby Enclave?

Baby Enclave is classified as Residential Special Type - I, which defines its intended use and development regulations.

Where is the Sub Registrar Office for Baby Enclave located?

The Sub Registrar Office for Baby Enclave is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Baby Enclave?

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 guideline value of Rs 540 per sq.ft, the total guideline value would be Rs 5,40,000.