Guideline Value for ROSHAN BABU NAGAR (WARD -19)

Roshan Babu Nagar (Ward -19) guideline value

The current guideline value of Roshan Babu Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Roshan Babu Nagar (Ward -19) has changed

The guideline value for Roshan Babu Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it was lowered to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 600 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 660 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, indicating that the guideline value for Roshan Babu Nagar is below this median.

• Rukumani Nagar (N): Rs 660 per sq.ft (2024)
• Sabathi Nagar (Per): Rs 440 per sq.ft (2024)
• Sadasivam Salai (Ward -18): Rs 1,320 per sq.ft (2024)
• Sadasivam Salai (Ward -2): Rs 1,320 per sq.ft (2024)
• Sagunthapuram (N): Rs 660 per sq.ft (2024)
• Rani Mangammal Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Roshan Babu Nagar (Ward -19)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Roshan Babu Nagar (Ward -19)?

The Sub Registrar Office that covers Roshan Babu Nagar (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Panangottur

The guideline value is a critical factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official registers. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Roshan Babu Nagar (Ward -19)?

The current guideline value of Roshan Babu Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Roshan Babu Nagar?

The land classification for Roshan Babu Nagar (Ward -19) is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Roshan Babu Nagar?

The Sub Registrar Office for Roshan Babu Nagar (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Roshan Babu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.