Guideline Value for Baba Street (V.L.Puram)

Baba Street (V.L.Puram) guideline value

The current guideline value of Baba Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Baba Street (V.L.Puram) has changed

Over the years, the guideline value for Baba Street (V.L.Puram) has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, which is an increase from Rs 2,200 per sq.ft in 2023, reflecting a change of +9%. Prior to that, the 2017 revision recorded a value of Rs 1,474 per sq.ft, marking a significant increase of +49% from the previous 2023 figure. The 2012 revision also noted a value of Rs 2,200 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +9%.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. The 2012 revision of Rs 2,200 per sq.ft was followed by the 2017 revision, which saw a notable decrease to Rs 1,474 per sq.ft, before the subsequent increases in the following years.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning Baba Street (V.L.Puram) above this median at Rs 2,400 per sq.ft.

• Babuji Street: Rs 2,400 per sq.ft (2024)
• Azhagumuthu Yadhava Street: Rs 1,600 per sq.ft (2024)
• Bagthavachalam Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Ayeram Kathamman Main Road: Rs 1,600 per sq.ft (2024)
• Ayeram kathamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Baba Street (V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baba Street (V.L.Puram)?

The Sub Registrar Office that covers Baba Street (V.L.Puram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Oragadam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives due revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it can affect the overall transaction costs. Buyers should be aware that the stamp duty and registration fees are calculated based on this value, which may differ from the actual sale price.

Frequently asked questions

What is the current guideline value of Baba Street (V.L.Puram)?

The current guideline value of Baba Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,400 per sq.ft in 2024, with notable revisions in 2023 and 2012 as well.

What is the land classification for Baba Street (V.L.Puram)?

Baba Street (V.L.Puram) is classified as Residential Special Type - I, which indicates the nature of the land use in this area.

What are the stamp duty and registration fees for property in Baba Street (V.L.Puram)?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Where can I find the Sub Registrar Office for Baba Street (V.L.Puram)?

The Ambattur Sub Registrar Office covers Baba Street (V.L.Puram) and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.