Guideline Value for BABY NAGAR

Baby Nagar guideline value

The current guideline value of Baby Nagar, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - II.

How the guideline value of Baby Nagar has changed

According to the guideline value register, the revision for Baby Nagar shows a consistent figure of Rs 700 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

From the 2023 to 2024 revision, there has been no change in the guideline value, reflecting a 0% increase. This stability indicates that the guideline value has remained constant over these two years.

Guideline values in Kayirambedu

In Kayirambedu village, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value for Baby Nagar.

• Avvai Nagar: Rs 700 per sq.ft (2024)
• Avp Kanagam Avenue Phase - I: Rs 2,389 per sq.ft (2024)
• Avp Kanagam Avenue: Rs 1,600 per sq.ft (2024)
• Bhavanipuram: Rs 700 per sq.ft (2024)
• Blue Bell Avenue: Rs 1,500 per sq.ft (2024)
• Bridhavan Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Baby Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baby Nagar?

The Chengleput Joint II Sub Registrar Office covers Baby Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kayirambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is appropriately taxed based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Baby Nagar?

The current guideline value of Baby Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Baby Nagar has remained consistent at Rs 700 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Baby Nagar?

Baby Nagar falls under the land classification of Residential Special Type - II, indicating its designation for residential development.

What are the stamp duty and registration fees for properties in Baby Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000. These charges are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Baby Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Baby Nagar.