Guideline Value for Delhi Babu Street

Delhi Babu Street guideline value

The current guideline value of Delhi Babu Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Delhi Babu Street has changed

The guideline value for Delhi Babu Street has seen several revisions over the years. In the 2017 revision, the value was Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 825 per sq.ft, reflecting a 10% increase from 2023. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Delhi Babu Street. This lack of data indicates that the guideline value was not established for these years.

Guideline values in Kavulbazaar

In Kavulbazaar, there are 44 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 4,500 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Delhi Babu Street at the same level as this median.

• Duraimani Salai: Rs 825 per sq.ft (2024)
• Bhavani Nagar: Rs 825 per sq.ft (2024)
• Gandhi Salai: Rs 825 per sq.ft (2024)
• Gandhi Street: Rs 825 per sq.ft (2024)
• Garugambakkam Salai: Rs 825 per sq.ft (2024)
• Bajanai Koil Street (5): Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Delhi Babu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Delhi Babu Street?

The Sub Registrar Office covering Delhi Babu Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavulbazaar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Delhi Babu Street?

The current guideline value of Delhi Babu Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024. This represents an overall increase of 64% over the seven years.

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

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for Delhi Babu Street?

The Pammal Sub Registrar Office is responsible for property registrations for Delhi Babu Street. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Delhi Babu Street?

Delhi Babu Street is classified as Residential Class II Type - I, indicating its designation for residential purposes under the Pammal SRO.