Guideline Value for SRI BADMANABAN NAGAR

Sri Badmanaban Nagar guideline value

The current guideline value of Sri Badmanaban Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Pulipakkam village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sri Badmanaban Nagar has changed

The guideline value for Sri Badmanaban Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 600 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, the 2017 revision recorded a value of Rs 402 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 600 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The revisions that are documented show fluctuations in the guideline value, with the most recent being stable since 2023.

Guideline values in Pulipakkam

In Pulipakkam, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 1,000 per sq.ft, with the median value being Rs 600 per sq.ft. Sri Badmanaban Nagar's 2024 figure aligns with this median value.

• Sri Kumaran Nagar: Rs 600 per sq.ft (2024)
• Purusothaman Nagar: Rs 600 per sq.ft (2024)
• Pallavan Nagar: Rs 600 per sq.ft (2024)
• Pallava Garden: Rs 600 per sq.ft (2024)
• Nu-Tech Gardenia Phase - III: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Badmanaban Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Badmanaban Nagar?

The Sub Registrar Office that covers Sri Badmanaban 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Pulipakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value according to government standards.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are essential components of the registration process. Buyers should be aware that these costs can significantly impact the overall expenses involved in a property transaction.

Frequently asked questions

What is the current guideline value of Sri Badmanaban Nagar?

The current guideline value of Sri Badmanaban Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What are the other streets in Pulipakkam with similar guideline values?

Other streets in Pulipakkam, such as Sri Kumaran Nagar, Purusothaman Nagar, Pallavan Nagar, and Pallava Garden, also have a guideline value of Rs 600 per sq.ft in 2024.

What fees are associated with buying property in Sri Badmanaban Nagar?

When buying property, you will incur costs such as stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.