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Guideline Value for Road Street Babu nagar 3rd Cross Street Lane (Right)

₹1540/sq.ft.

The guideline value for Road Street Babu Nagar 3rd Cross Street Lane (right) in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /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 3rd Cross Street Lane (right)

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Road Street Babu nagar 3rd Cross Street Lane (Right) guideline value

The current guideline value for Road Street Babu nagar 3rd Cross Street Lane (Right) is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Road Street Babu nagar 3rd Cross Street Lane (Right) has changed

The guideline value for this street has seen several revisions over the years. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 brought the value to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a guideline value for 2024, with values ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is the same as the current value for Road Street Babu nagar 3rd Cross Street Lane (Right).

Stamp duty and registration fee for property in Road Street Babu nagar 3rd Cross Street Lane (Right)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Road Street Babu nagar 3rd Cross Street Lane (Right)?

The Sub Registrar Office that covers Road Street Babu nagar 3rd Cross Street Lane (Right) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value serves as a benchmark for calculating the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Road Street Babu nagar 3rd Cross Street Lane (Right)?

The current guideline value for Road Street Babu nagar 3rd Cross Street Lane (Right) is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the classification of the land for this street?

The land classification for Road Street Babu nagar 3rd Cross Street Lane (Right) is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

What is the address of the Sub Registrar Office for this street?

The Sub Registrar Office for Road Street Babu nagar 3rd Cross Street Lane (Right) is located at No.59, Road Street, Kundrathur, Chennai -600 069.