Guideline Value for Babyammal Road

Babyammal Road guideline value

The current guideline value of Babyammal Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Maduravoyal village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Babyammal Road has changed

The guideline value for Babyammal Road has seen several revisions over the years. In 2002, the value was Rs 121 per sq.ft, which increased to Rs 133 per sq.ft in 2003. Following this, there was a significant rise to Rs 400 per sq.ft in 2007, marking an increase of 201%. The value then jumped dramatically to Rs 4,000 per sq.ft in 2012, reflecting a 900% increase. However, it decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and most recently to Rs 4,400 per sq.ft in 2024, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 3536%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are a total of 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, and Babyammal Road's 2024 figure is above this median.

• Ayyavu Naicken Street: Rs 2,750 per sq.ft (2024)
• Ayyavu Nagar 3rd Main Road: Rs 2,750 per sq.ft (2024)
• Ayyavu Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Ayyavu Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Bakyalakshmi Nagar 1st Street: Rs 3,600 per sq.ft (2024)
• Bakyalakshmi Nagar 2nd Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Babyammal Road

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, resulting in a total of 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.

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

Which Sub Registrar Office covers Babyammal Road?

The Sub Registrar Office covering Babyammal Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is essential for both buyers and sellers to understand as it directly impacts the costs associated with property registration.

When a property is sold, the guideline value is referenced to ensure that the correct fees are calculated. This helps maintain a standardized process for property transactions within the region.

Frequently asked questions

What is the current guideline value of Babyammal Road?

The current guideline value of Babyammal Road 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 increased from Rs 121 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 3536% over this period.

What is the land classification for Babyammal Road?

Babyammal Road is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property on Babyammal Road?

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.

Where is the Sub Registrar Office for Babyammal Road located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.