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Guideline Value for Road Street Babu Nagar 2nd Cross Street (Right)

₹1430/sq.ft.

The guideline value for Road Street Babu Nagar 2nd Cross Street (right) in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Road Street Babu Nagar 2nd Cross Street (right)

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Road Street Babu Nagar 2nd Cross Street (Right) guideline value

The current guideline value for Road Street Babu Nagar 2nd Cross Street (Right) is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Road Street Babu Nagar 2nd Cross Street (Right) has changed

The guideline value for Road Street Babu Nagar 2nd Cross Street (Right) has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 871 per sq.ft. This value increased significantly to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 shows a further increase to Rs 1,430 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, positioning Road Street Babu Nagar 2nd Cross Street (Right) below this median.

Stamp duty and registration fee for property in Road Street Babu Nagar 2nd Cross Street (Right)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost to Rs 1,28,700. It is important to note that the 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 more precise calculations.

Which Sub Registrar Office covers Road Street Babu Nagar 2nd Cross Street (Right)?

The Sub Registrar Office that covers Road Street Babu Nagar 2nd Cross Street (Right) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

When buying or selling property in Kunrathour-B, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Road Street Babu Nagar 2nd Cross Street (Right)?

The current guideline value for Road Street Babu Nagar 2nd Cross Street (Right) is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, which is an overall increase of 64%.

What are the other streets in Kunrathour-B with similar guideline values?

Other streets in Kunrathour-B have a guideline value of Rs 1,540 per sq.ft in 2024, including Road Street Babu nagar 1st Cross Street (Left) and Road Street Babu nagar 3rd Cross Street Lane (Right).

What is the registration fee for property in this area?

The registration fee for property in Road Street Babu Nagar 2nd Cross Street (Right) is 2% of the guideline value. For example, on a 1,000 sq.ft plot, the fee would be Rs 28,600.

Where can I find more information about the Sub Registrar Office?

The Kunrathur Sub Registrar Office covers Road Street Babu Nagar 2nd Cross Street (Right) and is located at No.59, Road Street, Kundrathur, Chennai -600 069. More information can be found by visiting the find your SRO page.