Guideline Value for Baba Nagar 11th street and Cross Street

Baba Nagar 11th street and Cross Street guideline value

The current guideline value for Baba Nagar 11th street and Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Baba Nagar 11th street and Cross Street has changed

The guideline value for Baba Nagar 11th street and Cross Street has seen significant changes over the years. In the 2002 revision, the value was Rs 378 per sq.ft, which increased to Rs 410 per sq.ft in 2003, marking an 8% increase. The value rose further to Rs 800 per sq.ft in 2007, reflecting a 95% increase. However, in 2012, the value decreased to Rs 5,000 per sq.ft, a drop of 33%. The value then increased to Rs 3,350 per sq.ft in 2017, showing a 49% rise. The 2023 revision set the value at Rs 5,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 5,500 per sq.ft, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1355%. There are no figures available for any other revisions for this street.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value is Rs 3,800 per sq.ft, placing Baba Nagar 11th street and Cross Street's 2024 figure above this median.

• Baba Nagar 10th 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 11th street and Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Baba Nagar 11th street and Cross Street?

The Sub Registrar Office covering Baba Nagar 11th street and Cross Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When buying or selling property, it is crucial to be aware of the guideline value as it impacts the overall cost involved in the transaction. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Baba Nagar 11th street and Cross Street?

The current guideline value for Baba Nagar 11th 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, starting from Rs 378 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, representing an overall increase of 1355%.

What is the land classification for Baba Nagar 11th street and Cross Street?

Baba Nagar 11th street and Cross Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Baba Nagar 11th street and Cross Street?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000.