Guideline Value for Baba koil street

Baba koil street guideline value

The current guideline value of Baba koil street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Poonthandalam village, under the Tambaram Joint 1 SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Baba koil street has changed

Over the years, the guideline value of Baba koil street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017, marking a decline of 33%. The next revision in 2023 saw a significant increase to Rs 300 per sq.ft, and in 2024, it further rose to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The transition from 2017 to 2023 resulted in a notable increase of 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Poonthandalam

Poonthandalam village has a range of guideline values for its streets under the Tambaram Joint 1 SRO, with figures varying from Rs 330 to Rs 550 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is the same as the 2024 figure for Baba koil street.

• Bajanai Koil Street: Rs 550 per sq.ft (2024)
• Asariyar street: Rs 330 per sq.ft (2024)
• Gangaiamman koil street: Rs 330 per sq.ft (2024)
• Parathapper amman koil street: Rs 330 per sq.ft (2024)
• Perumal koil street: Rs 330 per sq.ft (2024)
• Pillayar koil street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Baba koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600. Together, the total cost for stamp duty and registration fee would be Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Baba koil street?

The Sub Registrar Office that covers Baba koil street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Poonthandalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. It is essential for both parties to be aware of the guideline value to avoid any disputes during the registration of the property.

Frequently asked questions

What is the current guideline value of Baba koil street?

The current guideline value of Baba koil street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the median guideline value for streets in Poonthandalam?

The median guideline value for streets in Poonthandalam under the Tambaram Joint 1 SRO is Rs 330 per sq.ft, which is the same as the 2024 figure for Baba koil street.

What are the stamp duty and registration fees for property in Baba koil street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would be Rs 29,700, calculated based on the guideline value of Rs 3,30,000.

Which office handles property registrations for Baba koil street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Baba koil street, located at No.26, Mes Road, East Tambaram, Chennai-600059.