Guideline Value for Baba Nagar 14th street and Cross Street

Baba Nagar 14th street and Cross Street guideline value

The current guideline value of Baba Nagar 14th 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 14th street and Cross Street has changed

The guideline value for Baba Nagar 14th street and Cross Street has seen several revisions 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. By 2007, the value had significantly increased to Rs 800 per sq.ft, reflecting a 95% change. The 2012 revision set the value back to Rs 5,000 per sq.ft, a decrease of 33%. In 2017, the value was revised to Rs 3,350 per sq.ft, which was a 49% increase from the previous figure. The 2023 revision saw the value rise to Rs 5,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 5,500 per sq.ft, representing a 10% increase.

There are no figures available for the revisions prior to 2002 or for any years not listed. The overall increase from 2002 to 2024 is a remarkable 1355%.

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, with a median value of Rs 3,800 per sq.ft. The guideline value for Baba Nagar 14th street and Cross Street is above this median.

• Baba Nagar 13th 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 12th 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)
• Baba Nagar 11th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 17th street and Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Baba Nagar 14th 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, 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Baba Nagar 14th street and Cross Street?

The Baba Nagar 14th street and Cross Street falls under the Konnur Sub Registrar Office located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone.

To find your specific Sub Registrar Office, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Konnur. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the government collects the appropriate taxes based on the property's assessed value.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the costs associated with property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Baba Nagar 14th street and Cross Street?

The current guideline value for Baba Nagar 14th 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, showing an overall increase of 1355%.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Baba Nagar 14th street and Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Baba Nagar 14th street and Cross Street is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the guideline values for other streets in Konnur?

Other streets in Konnur, such as Baba Nagar 11th street and Cross Street, have a guideline value of Rs 5,500 per sq.ft, similar to Baba Nagar 14th street and Cross Street. This indicates consistency in the valuation for these areas.