Guideline Value for Baba Nagar

Baba Nagar guideline value

The current guideline value of Baba Nagar, located in 5. Athipattu village under the Konnur SRO, is Rs 4,400 per sq.ft. This value is effective from the 1st of July, 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Baba Nagar has changed

Historically, the guideline value for Baba Nagar has seen several revisions. The 2017 revision set the value at Rs 2,680 per sq.ft, which was then increased to Rs 4,000 per sq.ft in the 2023 revision. The latest revision, effective from July 2024, further raises the value to Rs 4,400 per sq.ft, marking a significant increase of 10% from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 64%. This upward trend reflects the changes in the guideline value over the years, culminating in the current figure of Rs 4,400 per sq.ft.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO, with guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, placing Baba Nagar's 2024 figure above this median.

• Ayanampakkam Road: Rs 2,200 per sq.ft (2024)
• Avvaiyar Street: Rs 2,200 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,600 per sq.ft (2024)
• Atlantis: Rs 5,339 per sq.ft (2024)
• Athipattu Main Road: Rs 2,200 per sq.ft (2024)
• Athiamaan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 your calculations.

Which Sub Registrar Office covers Baba Nagar?

Baba Nagar falls under the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a critical factor when registering property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, ensuring that all transactions are compliant with the current regulations. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Baba Nagar?

The current guideline value of Baba Nagar is Rs 4,400 per sq.ft, effective from July 1, 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in 5. Athipattu?

Other streets in 5. Athipattu include Ayanampakkam Road, Avvaiyar Street, Bajanai Kovil Street, Atlantis, Athipattu Main Road, and Athiamaan Street (Chelliamman nagar), with varying guideline values.

How is stamp duty calculated in Baba Nagar?

Stamp duty in Baba Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

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 find more details by visiting the relevant link.