Guideline Value for K.M.BABU ST (CHARLESS NAGAR)

K.M.Babu St (Charless Nagar) guideline value

The current guideline value of K.M.Babu St (Charless Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village, under the Avadi SRO, with a land classification of Residential Special Type - III.

How the guideline value of K.M.Babu St (Charless Nagar) has changed

The guideline value for K.M.Babu St (Charless Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and currently stands at Rs 1,300 per sq.ft from the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The value then rose by 8% from 2023 to 2024, resulting in an overall increase of 8% from 2012 to 2024.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing K.M.Babu St (Charless Nagar) above this median.

• Kovalan St, Kakkanji Nagar: Rs 800 per sq.ft (2024)
• Kennady St, Kakkanji Nagar: Rs 800 per sq.ft (2024)
• Kavarai Palayam: Rs 800 per sq.ft (2024)
• Kulakkarai St, Railway Northern Side: Rs 988 per sq.ft (2024)
• Kumaran Nagar: Rs 988 per sq.ft (2024)
• Kumaran Street (Chozhan Nagar): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in K.M.Babu St (Charless Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers K.M.Babu St (Charless Nagar)?

K.M.Babu St (Charless Nagar) falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value ensures that the property is valued consistently according to the current rates set by the Registration Department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of K.M.Babu St (Charless Nagar)?

The current guideline value of K.M.Babu St (Charless Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft in 2024.

What is the land classification of K.M.Babu St (Charless Nagar)?

K.M.Babu St (Charless Nagar) is classified as Residential Special Type - III.

Where can I find the registration office for K.M.Babu St (Charless Nagar)?

The registration office for K.M.Babu St (Charless Nagar) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.