Guideline Value for Baba Nagar 10th street and Cross Street

Baba Nagar 10th street and Cross Street guideline value

The current guideline value of Baba Nagar 10th street and Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is located in Konnur village under the Konnur SRO, classified as Residential Class I Type - I.

How the guideline value of Baba Nagar 10th street and Cross Street has changed

The guideline value for Baba Nagar 10th street and Cross Street has seen significant changes over the years. In 2002, the value was Rs 378 per sq.ft, which increased to Rs 410 per sq.ft in 2003, marking an 8% rise. The value then surged to Rs 800 per sq.ft in 2007, reflecting a substantial increase of 95%. By 2012, the guideline value was Rs 5,000 per sq.ft, which represented a remarkable growth of 525% from the previous revision. However, between 2012 and 2017, the value decreased to Rs 3,350 per sq.ft, indicating a decline of 33%.

From 2017 to 2023, the guideline value climbed to Rs 5,000 per sq.ft, showing a 49% increase. The most recent revision in 2024 has set the value at Rs 5,500 per sq.ft, a 10% increase from the 2023 figure. The register has no figure for the years not listed, ensuring that all revisions are accounted for accurately.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft as of 2024. The median guideline value in this area is Rs 3,800 per sq.ft, which means that the guideline value for Baba Nagar 10th street and Cross Street is above this median.

• Baba Nagar 11th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 12th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 13th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 14th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 15th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 16th street and Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Baba Nagar 10th street and Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Baba Nagar 10th street and Cross Street?

The Sub Registrar Office that covers Baba Nagar 10th street and Cross Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property transactions in Konnur. It serves as a reference point for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Baba Nagar 10th street and Cross Street?

The current guideline value of Baba Nagar 10th street and Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 378 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1355% over the years.

What is the median guideline value in Konnur?

The median guideline value in Konnur village is Rs 3,800 per sq.ft, with Baba Nagar 10th street and Cross Street's value being above this median.

What are the stamp duty and registration fees for properties in Baba Nagar 10th street and Cross Street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles registrations for Baba Nagar 10th street and Cross Street?

The Konnur Sub Registrar Office handles registrations for Baba Nagar 10th street and Cross Street, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.