Guideline Value for Bai Garden 2nd Street

Bai Garden 2nd Street guideline value

The current guideline value of Bai Garden 2nd Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Bai Garden 2nd Street has changed

The guideline value for Bai Garden 2nd Street has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for Bai Garden 2nd Street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a guideline value for 2024 ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Bai Garden 2nd Street is below this median.

• Bai Garden 1st Street / Avenue: Rs 1,900 per sq.ft (2024)
• Bai Garden 3rd Street: Rs 1,900 per sq.ft (2024)
• Bai Garden Link Road: Rs 1,900 per sq.ft (2024)
• Bai Garden 1st Street: Rs 2,750 per sq.ft (2024)
• Bai Garden: Rs 1,900 per sq.ft (2024)
• Azhagar Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bai Garden 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. 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 precise calculations.

Which Sub Registrar Office covers Bai Garden 2nd Street?

The Bai Garden 2nd Street falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a reference point used during the registration of property transactions in Madambakkam. It helps determine the stamp duty and registration fees payable, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall costs involved in the transaction. Understanding these values can help in budgeting for additional expenses during the property registration process.

Frequently asked questions

What is the current guideline value of Bai Garden 2nd Street?

The current guideline value of Bai Garden 2nd Street is Rs 1,900 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 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the stamp duty for property in Bai Garden 2nd Street?

The stamp duty for property in Bai Garden 2nd Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Bai Garden 2nd Street?

The Selaiyur Sub Registrar Office covers Bai Garden 2nd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

Where can I find the guideline values for other streets in Madambakkam?

Guideline values for other streets in Madambakkam can be found in the respective links provided for each street in the guideline value section.