Guideline Value for BAGGYAMMAL NAGAR

Baggyammal Nagar guideline value

The current guideline value of Baggyammal Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is part of Podaturpet village and falls under the Pallipattu SRO, classified as Residential Special Type - III.

How the guideline value of Baggyammal Nagar has changed

The guideline value for Baggyammal Nagar has remained stable at Rs 300 per sq.ft since the 2023 revision, which also recorded Rs 300 per sq.ft. Prior to this, in the 2017 revision, the value was Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to the current 2024 revision, the guideline value has increased by 49%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Baggyammal Nagar's 2024 figure above that median.

• Bazaar Street: Rs 300 per sq.ft (2024)
• Annamalai Nagar: Rs 250 per sq.ft (2024)
• Bharathiyar Nagar: Rs 200 per sq.ft (2024)
• Dahrma Raja Koil Street: Rs 200 per sq.ft (2024)
• Dhandu Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Easu Nadhar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Baggyammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Baggyammal Nagar?

The Sub Registrar Office that covers Baggyammal Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Podaturpet, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value serves as a benchmark for the official documentation and is crucial for legal ownership transfer.

Frequently asked questions

What is the current guideline value of Baggyammal Nagar?

The current guideline value of Baggyammal Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since the 2023 revision. It increased from Rs 201 per sq.ft in 2017, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Baggyammal Nagar?

Baggyammal Nagar is classified as Residential Special Type - III, which indicates its designation for residential purposes within the locality.

Where can I find the Sub Registrar Office for Baggyammal Nagar?

The Sub Registrar Office for Baggyammal Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is the stamp duty calculated for properties in Baggyammal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.