Guideline Value for S.S. Baba Nagar

S.S. Baba Nagar guideline value

The current guideline value of S.S. Baba Nagar, located in Vadakarai village under the Redhills SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of S.S. Baba Nagar has changed

The guideline value for S.S. Baba Nagar has undergone several revisions over the years. The earliest recorded figure in the register is from 2002, where the value was Rs 306 per sq.ft. This increased significantly to Rs 31 per sq.ft in 2003, followed by a dramatic rise to Rs 500 per sq.ft in 2007, marking an increase of 1513%. The value then rose to Rs 600 per sq.ft in 2012, which was a 20% increase from the previous revision. However, it dropped to Rs 402 per sq.ft in 2017, a decrease of 33%. The value saw a substantial increase to Rs 600 per sq.ft in 2023, followed by the current figure of Rs 660 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 116%. There are no figures available for the years not mentioned in this register for S.S. Baba Nagar.

Guideline values in Vadakarai

In Vadakarai, there are 15 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft, with the median value being Rs 660 per sq.ft. S.S. Baba Nagar's 2024 figure aligns with this median.

• S.S. Baba Nagar Annex: Rs 550 per sq.ft (2024)
• S.S. Baba Nagar Annex - I: Rs 550 per sq.ft (2024)
• Sri Devi Karumari Amman Nagar: Rs 660 per sq.ft (2024)
• Thiruvalluvar Street: Rs 660 per sq.ft (2024)
• School Street: Rs 660 per sq.ft (2024)
• V.O.C. Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in S.S. Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total 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, bringing the total to Rs 59,400. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers S.S. Baba Nagar?

The Sub Registrar Office that covers S.S. Baba Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

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

When a property is registered, the guideline value or the sale price is considered, and the higher amount is used to calculate the applicable duties. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of S.S. Baba Nagar?

The current guideline value of S.S. Baba Nagar 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 306 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 116% over the years.

What is the land classification of S.S. Baba Nagar?

S.S. Baba Nagar is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in S.S. Baba Nagar?

For a property valued at Rs 6,60,000, the stamp duty is Rs 46,200 and the registration fee is Rs 13,200, totaling Rs 59,400.

Which office handles registrations for S.S. Baba Nagar?

The Redhills Sub Registrar Office handles registrations for S.S. Baba Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.