Guideline Value for Babu Reddy Avenue Kannappan Street

Babu Reddy Avenue Kannappan Street guideline value

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

How the guideline value of Babu Reddy Avenue Kannappan Street has changed

The guideline value for Babu Reddy Avenue Kannappan Street has undergone several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 1,407 per sq.ft. This increased to Rs 2,099 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, reflecting a further increase of 12% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 67%. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012.

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 value for these streets is Rs 1,980 per sq.ft, positioning Babu Reddy Avenue Kannappan Street above this median.

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

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Babu Reddy Avenue Kannappan Street?

The Sub Registrar Office that covers Babu Reddy Avenue Kannappan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the necessary fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67% over this period.

What is the land classification for Babu Reddy Avenue Kannappan Street?

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

Where can I find the registration office for this area?

The registration office for Babu Reddy Avenue Kannappan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 23,50,000 would incur a stamp duty of Rs 1,64,500 at a rate of 7%.