Guideline Value for SRI BABA NAGAR (STERLING AVENUE)

Sri Baba Nagar (Sterling Avenue) guideline value

The current guideline value of Sri Baba Nagar (Sterling Avenue) is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kuthavakkam village, under the Kanchipuram Joint IV SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Baba Nagar (Sterling Avenue) has changed

According to the register, the guideline value for Sri Baba Nagar (Sterling Avenue) has remained consistent at Rs 100 per sq.ft since the 2023 revision, which also recorded the same value. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

The 2024 revision shows no change from the previous year, reflecting a 0% increase from the 2023 guideline value. Thus, the guideline value has remained stable over the last two revisions.

Guideline values in Kuthavakkam

In Kuthavakkam, the guideline value for Sri Baba Nagar (Sterling Avenue) is Rs 100 per sq.ft. This places it significantly lower than other streets in Kuthavakkam, such as:

• Sri Sai Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Baba Nagar (Sterling Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. 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 further calculations.

Which Sub Registrar Office covers Sri Baba Nagar (Sterling Avenue)?

The Kanchipuram Joint IV Sub Registrar Office covers Sri Baba Nagar (Sterling Avenue). The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Kuthavakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the actual sale price, whichever is higher.

When purchasing property, it is essential to consider the guideline value, as it impacts the overall cost of registration. This ensures compliance with legal requirements and helps avoid any potential disputes during the transaction process.

Frequently asked questions

What is the current guideline value of Sri Baba Nagar (Sterling Avenue)?

The current guideline value of Sri Baba Nagar (Sterling Avenue) is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Baba Nagar (Sterling Avenue) has remained at Rs 100 per sq.ft since the 2023 revision, with no figures available for revisions from 2017, 2012, 2007, 2003, and 2002.

What is the stamp duty rate for properties in Sri Baba Nagar (Sterling Avenue)?

The stamp duty rate for properties in Sri Baba Nagar (Sterling Avenue) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Baba Nagar (Sterling Avenue) located?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How do I calculate the registration fees for a property in Sri Baba Nagar (Sterling Avenue)?

To calculate the registration fees for a property in Sri Baba Nagar (Sterling Avenue), you can use the guideline value to determine the total fees. The registration fee is 2% of the guideline value, and the stamp duty is 7% of the higher value between the guideline value and the sale price.