Guideline Value for Baba Nagar 13th street and Cross Street

Baba Nagar 13th street and Cross Street guideline value

The current guideline value for Baba Nagar 13th 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 13th street and Cross Street has changed

The guideline value for Baba Nagar 13th street and Cross Street has seen significant changes over the years. In 2002, the value was Rs 378 per sq.ft. This increased to Rs 410 per sq.ft in 2003, marking an 8% rise. The value then rose to Rs 800 per sq.ft in 2007, which was a substantial increase of 95%. Following this, the value jumped dramatically to Rs 5,000 per sq.ft in 2012, reflecting a 525% increase. However, it decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1355%. There are no figures available for the revisions in years other than those specified.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value in the village is Rs 3,800 per sq.ft, placing Baba Nagar 13th street and Cross Street above this median.

• Baba Nagar 12th 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 11th 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 10th 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 13th 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 amounts to 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, making the total fees Rs 4,95,000. Please 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 Baba Nagar 13th street and Cross Street?

The Baba Nagar 13th street and Cross Street falls under 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 information.

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 calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property is registered, the guideline value is considered to determine the applicable fees. Buyers and sellers should be aware of these values to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for Baba Nagar 13th street and Cross Street?

The current guideline value for Baba Nagar 13th 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 stamp duty for property in Baba Nagar 13th street and Cross Street?

The stamp duty for property in Baba Nagar 13th street and Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Baba Nagar 13th street and Cross Street?

The Sub Registrar Office for Baba Nagar 13th street and Cross Street is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Baba Nagar 13th street and Cross Street?

Baba Nagar 13th street and Cross Street is classified as Residential Class I Type - I under the Konnur SRO.