Guideline Value for Babu Reddy Avenue 2nd Street

Babu Reddy Avenue 2nd Street guideline value

The current guideline value of Babu Reddy Avenue 2nd Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Babu Reddy Avenue 2nd Street has changed

The guideline value for Babu Reddy Avenue 2nd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, which is a 12% increase from Rs 2,099 per sq.ft in 2023. Prior to that, the value stood at Rs 1,407 per sq.ft in 2017, marking a significant 49% increase from that year to 2023.

There are no recorded guideline values for Babu Reddy Avenue 2nd Street in the revisions of 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 67%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Babu Reddy Avenue 2nd Street above this median.

• Babu Reddy Avenue: Rs 2,350 per sq.ft (2024)
• Babu Reddy Avenue Ist Street: Rs 2,350 per sq.ft (2024)
• Babu Reddy Avenue Kannappan Street: Rs 2,350 per sq.ft (2024)
• Ayathaiamman Koil Street: Rs 2,350 per sq.ft (2024)
• Bakthavatchalam 1st Street: Rs 2,350 per sq.ft (2024)
• Bakthavatchalam 2nd Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Babu Reddy Avenue 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, while the registration fee at 2% would be Rs 47,000. Together, the total cost for these fees would be Rs 2,11,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Babu Reddy Avenue 2nd Street?

The Sub Registrar Office that covers Babu Reddy Avenue 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Anakaputhur. When a property is bought or sold, the guideline value serves as a reference point for calculating stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Babu Reddy Avenue 2nd Street?

The current guideline value of Babu Reddy Avenue 2nd Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, which is an overall increase of 67%.

What is the land classification for Babu Reddy Avenue 2nd Street?

Babu Reddy Avenue 2nd Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.