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Guideline Value

Corporate

Guideline Value for Baby Nagar 3rd Cross Street

₹4400/sq.ft.

The guideline value for Baby Nagar 3rd Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
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 3rd Cross Street

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Baby Nagar 3rd Cross Street guideline value

The current guideline value of Baby Nagar 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Baby Nagar 3rd Cross Street has changed

The guideline value for Baby Nagar 3rd Cross Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 122%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. From 2017 to 2023, the value saw a substantial increase to Rs 4,000 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register has no figures for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 144%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Baby Nagar 3rd Cross Street.

Stamp duty and registration fee for property in Baby Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baby Nagar 3rd Cross Street?

The Sub Registrar Office that covers Baby Nagar 3rd Cross Street is 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as the basis for calculating stamp duty and registration fees, ensuring that property transactions are conducted transparently and fairly.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This process helps maintain consistency across property transactions within the region.

Frequently asked questions

What is the current guideline value of Baby Nagar 3rd Cross Street?

The current guideline value of Baby Nagar 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 144% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Baby Nagar 3rd Cross Street?

The Velacheri Sub Registrar Office handles property registrations for Baby Nagar 3rd Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the significance of guideline value in property transactions?

Guideline value is essential in property transactions as it determines the stamp duty and registration fees applicable during the sale or purchase of property. It ensures that transactions are conducted based on a standardized value within the region.