Guideline Value

Corporate

Guideline Value for Baba Nagar

₹275/sq.ft.

The guideline value for Baba Nagar in Atthivakkam village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Atthivakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹22 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Baba Nagar

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Baba Nagar guideline value

The current guideline value of Baba Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Atthivakkam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Baba Nagar has changed

The guideline value for Baba Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 22 per sq.ft, which increased significantly to Rs 100 per sq.ft in 2007. The value then rose to Rs 250 per sq.ft in 2012, before decreasing to Rs 167 per sq.ft in 2017. The 2023 revision set the value at Rs 250 per sq.ft, and the most recent revision in 2024 has increased it to Rs 275 per sq.ft.

From 2017 to 2023, there was a notable increase of 50%, and from 2023 to 2024, the value increased by 10%. The largest increase occurred between 2003 and 2007, with a rise of 355%. Overall, from 2003 to 2024, the guideline value has increased by 1150%. The register has no figure for Baba Nagar in 2002.

Guideline values in Atthivakkam

In Atthivakkam, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 1,400 per sq.ft, with a median value of Rs 440 per sq.ft. Baba Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, making the total cost for these fees Rs 24,750. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Baba Nagar?

The Sub Registrar Office that covers Baba Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Atthivakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When selling a property, the guideline value helps establish a baseline for negotiations. Buyers and sellers can reference the guideline value to assess whether the asking price is reasonable, based on the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Baba Nagar?

The current guideline value of Baba Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 22 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, with several revisions in between. The most significant increase was from 2003 to 2007, where it rose by 355%.

What is the registration office for Baba Nagar?

The registration office for Baba Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated in Baba Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 275 per sq.ft would incur a stamp duty of Rs 19,250.

What other streets have guideline values in Atthivakkam?

Other streets in Atthivakkam include Abirami Nagar, Eswaran Avenue, Gandhiji Nagar, and several others, with values ranging from Rs 275 to Rs 1,400 per sq.ft as of 2024.