Guideline Value for Babuji Street

Babuji Street guideline value

The current guideline value for Babuji Street in Oragadam village is Rs 2,400 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Babuji Street has changed

The guideline value for Babuji Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a 340% increase. However, from 2012 to 2017, the value decreased to Rs 1,474 per sq.ft, a decline of 33%. The value then rose to Rs 2,200 per sq.ft in 2023, reflecting a 49% increase over the previous revision. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, representing a 9% increase from 2023.

It is important to note that there are no figures available for Babuji Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 380%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, and Babuji Street's 2024 guideline value is above this median.

• Baba Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Bagthavachalam Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Azhagumuthu Yadhava Street: Rs 1,600 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,600 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)

Stamp duty and registration fee for property in Babuji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees 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.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Babuji Street?

Babuji Street is covered by 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 property transactions in Oragadam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers should be aware that the guideline value is applicable at the time of registration and is essential for calculating the necessary fees.

When you register a property, the guideline value ensures that the transaction is documented at a fair value, which helps maintain transparency in the real estate market. It is advisable for both buyers and sellers to consult the guideline values for accurate financial planning during property transactions.

Frequently asked questions

What is the current guideline value for Babuji Street?

The current guideline value for Babuji Street 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 changed from Rs 500 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, showing an overall increase of 380% over the years.

What is the land classification for Babuji Street?

Babuji Street is classified as Residential Special Type - I under the Ambattur SRO.

Where can I find the registration office for Babuji Street?

The registration office for Babuji Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Babuji Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.