Guideline Value

Corporate

Guideline Value for Shahinsha Baba Nagar

₹385/sq.ft.

The guideline value for Shahinsha Baba Nagar in Boodur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Boodur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Shahinsha Baba Nagar

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Shahinsha Baba Nagar guideline value

The current guideline value of Shahinsha Baba Nagar is Rs 385 per sq.ft, effective from 1 July 2024. This area is located in Boodur village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Shahinsha Baba Nagar has changed

Over the years, the guideline value of Shahinsha Baba Nagar has seen several revisions. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, there was a decrease to Rs 234 per sq.ft in the 2017 revision. The value then rose significantly to Rs 350 per sq.ft in 2023, and the latest revision in 2024 has brought it to Rs 385 per sq.ft. The register has no figure for the years 2002 and 2003 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but it increased by 50% from 2017 to 2023. The jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 28%.

Guideline values in Boodur

In Boodur village, there are 15 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 257 to Rs 1,150 per sq.ft. The median value is Rs 385 per sq.ft, which is the same as the guideline value for Shahinsha Baba Nagar.

Stamp duty and registration fee for property in Shahinsha Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total fees to Rs 34,650. 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 details.

Which Sub Registrar Office covers Shahinsha Baba Nagar?

The Sub Registrar Office that covers Shahinsha 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 information.

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

The guideline value plays a crucial role in property transactions in Boodur. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers must be aware that the duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are paid during the registration process.

When selling property in Boodur, sellers should also consider the guideline value as it can influence the overall transaction process. It provides a benchmark for both buyers and sellers to understand the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Shahinsha Baba Nagar?

The current guideline value of Shahinsha Baba Nagar is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 350 per sq.ft in 2023 to Rs 385 per sq.ft in 2024. The value has seen a significant increase of 50% from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023.

What are the other streets in Boodur with the same guideline value?

Other streets in Boodur that share the same guideline value of Rs 385 per sq.ft include Sothupakkam Road, Sri Sai Baba Nagar, T.P Muthu Nagar, Gomathi Amman Nagar - Annex 14, Golden Shainsha Baba Nagar, and Golden Avenue.

What is the registration office for properties in Shahinsha Baba Nagar?

The registration office for properties in Shahinsha Baba Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Shahinsha Baba Nagar?

Stamp duty for properties in Shahinsha Baba Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 26,950 based on the current guideline value.