Guideline Value for Baba Nagar 12th street and Cross Street

Baba Nagar 12th street and Cross Street guideline value

The current guideline value of Baba Nagar 12th street and Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This property 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 12th street and Cross Street has changed

The guideline value for Baba Nagar 12th street and Cross Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 378 per sq.ft. This figure increased to Rs 410 per sq.ft in 2003, followed by a significant rise to Rs 800 per sq.ft in 2007. The 2012 revision saw a drop to Rs 5,000 per sq.ft, but by 2017, it had increased to Rs 3,350 per sq.ft. The 2023 revision set the value at Rs 5,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 5,500 per sq.ft.

In terms of percentage changes, the guideline value increased by 8% from 2002 to 2003, followed by a 95% increase from 2003 to 2007. There was a 525% increase from 2007 to 2012, but a decrease of 33% occurred from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1355%.

Guideline values in Konnur

In Konnur village, a total of 249 streets fall under the Konnur SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, placing Baba Nagar 12th street and Cross Street above this median.

• Baba Nagar 11th 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 10th 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 12th 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. Please 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 12th street and Cross Street?

The Sub Registrar Office that covers Baba Nagar 12th street and Cross Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Konnur. 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 considered to ensure that the transaction is compliant with local regulations. It is essential for buyers and sellers to be aware of the current guideline value to accurately calculate the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Baba Nagar 12th street and Cross Street?

The current guideline value of Baba Nagar 12th 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 this period.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total 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 property registrations for Baba Nagar 12th street and Cross Street?

The Konnur Sub Registrar Office handles property registrations for Baba Nagar 12th street and Cross Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value for streets in Konnur?

The median guideline value for streets in Konnur is Rs 3,800 per sq.ft, with Baba Nagar 12th street and Cross Street above this median at Rs 5,500 per sq.ft.