Guideline Value for Baba Nagar 9th street and Cross Street

Baba Nagar 9th street and Cross Street guideline value

The current guideline value of Baba Nagar 9th 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 9th street and Cross Street has changed

The guideline value for Baba Nagar 9th street and Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 378 per sq.ft. This increased to Rs 410 per sq.ft in 2003, marking an 8% rise. The value then experienced a significant jump to Rs 800 per sq.ft in 2007, reflecting a 95% increase. Following this, in 2012, the value decreased to Rs 5,000 per sq.ft, a drop of 33%. The trend reversed in 2017, with the value rising to Rs 3,350 per sq.ft, which was a 49% increase. The next revision in 2023 saw the guideline value increase to Rs 5,000 per sq.ft, and finally, the current value is Rs 5,500 per sq.ft as of the 2024 revision, representing a 10% increase from the previous year.

There are no figures available for the years not mentioned in this register for Baba Nagar 9th street and Cross Street. Overall, from 2002 to 2024, the guideline value has increased by 1355%.

Guideline values in Konnur

In Konnur village, 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 9th street and Cross Street is above this median.

• Baba Nagar 8th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar and Others Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 7th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar First Prathana Salai: Rs 5,500 per sq.ft (2024)
• Baba Nagar 6th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar Nethaji Nagar: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Baba Nagar 9th 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 fees 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Baba Nagar 9th street and Cross Street?

The Sub Registrar Office that covers Baba Nagar 9th 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. For more information, you can find your SRO.

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

The guideline value is crucial when buying or selling property in Konnur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Baba Nagar 9th street and Cross Street?

The current guideline value for Baba Nagar 9th 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 are the other streets in Konnur with the same guideline value?

Other streets in Konnur that share the same guideline value of Rs 5,500 per sq.ft include Baba Nagar 8th street and Cross Street, Baba Nagar and Others Street, Baba Nagar 7th street and Cross Street, Baba Nagar First Prathana Salai, Baba Nagar 6th street and Cross Street, and Baba Nagar Nethaji Nagar.

What is the stamp duty rate for properties in Baba Nagar 9th street and Cross Street?

The stamp duty rate for properties in Baba Nagar 9th street and Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can also find more information by visiting the relevant link to find your SRO.