Guideline Value for City babu Naidu Street

City babu Naidu Street guideline value

The current guideline value of City babu Naidu Street is Rs 1,000 per sq.ft. This street is located in Menambedu village, under the Ambattur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of City babu Naidu Street has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, which was maintained in the 2024 revision, showing a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has remained at Rs 1,000 per sq.ft.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. However, the revisions for the years 2002, 2003, and 2007 do not have any figures recorded for City babu Naidu Street.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for City babu Naidu Street is below this median.

• Convent Street: Rs 1,000 per sq.ft (2024)
• DABC Layout: Rs 1,000 per sq.ft (2024)
• Devagi Street: Rs 1,000 per sq.ft (2024)
• Devan Street: Rs 1,700 per sq.ft (2024)
• Devar Street (Arumuganagar): Rs 1,700 per sq.ft (2024)
• Devar Street (Gnanamoorthy Nagar): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in City babu Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. 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 City babu Naidu Street?

The Sub Registrar Office that covers City babu Naidu Street is 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 Menambedu

The guideline value is a crucial factor during the registration of property transactions in Menambedu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable charges. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of City babu Naidu Street?

The current guideline value of City babu Naidu Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease to Rs 670 per sq.ft in 2017, followed by an increase back to Rs 1,000 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the value has remained at Rs 1,000 per sq.ft.

What is the land classification for City babu Naidu Street?

The land classification for City babu Naidu Street is Residential Class III Type - I.

Where is the Ambattur Sub Registrar Office located?

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

How is the stamp duty calculated for properties in City babu Naidu Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7% of the guideline value.