Guideline Value for SRI BABA NAGAR

Sri Baba Nagar guideline value

The current guideline value of Sri Baba Nagar, located in Pariri village under the Chengleput Joint II SRO, is Rs 700 per sq.ft. The land classification for this area is Mixed Special Type - I.

How the guideline value of Sri Baba Nagar has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 469 per sq.ft. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, effective from 1 July 2024. The register has no figure for this street in the revisions of 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 700 per sq.ft.

Guideline values in Pariri

In Pariri village, there are 8 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Sri Baba Nagar.

• Parasakthi Nagar: Rs 700 per sq.ft (2024)
• Jeeva Nagar: Rs 1,000 per sq.ft (2024)
• Ganesh Nagar: Rs 700 per sq.ft (2024)
• Elumalai Nagar: Rs 700 per sq.ft (2024)
• Barathi Nagar: Rs 700 per sq.ft (2024)
• Arunachala Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Baba Nagar?

The Sub Registrar Office that covers Sri Baba Nagar 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 details.

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

The guideline value is a critical factor when buying or selling property in Sri Baba Nagar and the surrounding areas. It is used to determine the stamp duty and registration fees that must be paid during the transaction process.

When a property is registered, the guideline value is considered to ensure that the fees are calculated accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Baba Nagar?

The current guideline value of Sri Baba Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, followed by an increase back to Rs 700 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification of Sri Baba Nagar?

Sri Baba Nagar is classified as Mixed Special Type - I, which indicates the type of development and usage permitted in the area.

What are the stamp duty rates for properties in Sri Baba Nagar?

The stamp duty for properties in Sri Baba Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Sri Baba Nagar?

The Sub Registrar Office for Sri Baba Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.