Guideline Value for Baba Nagar 17th street and Cross Street

Baba Nagar 17th street and Cross Street guideline value

The current guideline value of Baba Nagar 17th 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 17th street and Cross Street has changed

Since the 2002 revision, the guideline value for Baba Nagar 17th street and Cross Street has seen significant changes. In 2002, the guideline value was Rs 378 per sq.ft. This figure increased to Rs 410 per sq.ft in 2003, marking an 8% rise. The value then rose by 95% to Rs 800 per sq.ft in 2007. Following this, the 2012 revision saw a decrease of 33%, bringing the value to Rs 5,000 per sq.ft. In 2017, the value increased to Rs 3,350 per sq.ft, which was a 49% increase from the previous revision. The 2023 revision set the value at Rs 5,000 per sq.ft, and the current revision in 2024 has further increased it to Rs 5,500 per sq.ft, reflecting a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1355%, showcasing a substantial growth in the value over the years.

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 17th street and Cross Street is above this median.

• Baba Nagar 16th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 1st 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 2nd 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 3rd street and Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Baba Nagar 17th 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.

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

Which Sub Registrar Office covers Baba Nagar 17th street and Cross Street?

The Sub Registrar Office that covers Baba Nagar 17th 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Konnur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Baba Nagar 17th street and Cross Street?

The current guideline value of Baba Nagar 17th 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% over the years.

What are the stamp duty and registration fees for property in Baba Nagar 17th street and Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 55,00,000. The stamp duty is Rs 3,85,000, and the registration fee is Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Baba Nagar 17th street and Cross Street?

The Konnur Sub Registrar Office covers Baba Nagar 17th street and Cross Street, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification of Baba Nagar 17th street and Cross Street?

Baba Nagar 17th street and Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.