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Guideline Value

Corporate

Guideline Value for Baby Nagar -100 Ft Baby Nagar Taramani Link Road

₹13200/sq.ft.

The guideline value for Baby Nagar -100 Ft Baby Nagar Taramani Link Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Baby Nagar -100 Ft Baby Nagar Taramani Link Road

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Baby Nagar -100 Ft Baby Nagar Taramani Link Road guideline value

The current guideline value for Baby Nagar -100 Ft Baby Nagar Taramani Link Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO, classified as Commercial Class I Type - I.

How the guideline value of Baby Nagar -100 Ft Baby Nagar Taramani Link Road has changed

The guideline value for Baby Nagar -100 Ft Baby Nagar Taramani Link Road has seen several revisions over the years. In 2012, the value was set at Rs 12,000 per sq.ft, which then decreased to Rs 8,040 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 12,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 13,200 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value across these streets is Rs 4,400 per sq.ft, indicating that Baby Nagar -100 Ft Baby Nagar Taramani Link Road's 2024 figure is significantly above this median.

Stamp duty and registration fee for property in Baby Nagar -100 Ft Baby Nagar Taramani Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, leading to a total of Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Baby Nagar -100 Ft Baby Nagar Taramani Link Road?

The Baby Nagar -100 Ft Baby Nagar Taramani Link Road is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value is set by the government and reflects the minimum value at which properties can be registered.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Baby Nagar -100 Ft Baby Nagar Taramani Link Road?

The current guideline value for Baby Nagar -100 Ft Baby Nagar Taramani Link Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then increased to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,200 per sq.ft in 2024.

Where can I find the registration office for Baby Nagar?

The registration office for Baby Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty rates for property in Baby Nagar?

The stamp duty for property in Baby Nagar is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

What is the median guideline value for streets in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, with Baby Nagar -100 Ft Baby Nagar Taramani Link Road's value being significantly above this median.