Guideline Value for Sri Baba Nagar Phase-IV

Sri Baba Nagar Phase-IV guideline value

The current guideline value of Sri Baba Nagar Phase-IV is Rs 600 per sq.ft. This area is located in Vadakal_C village, under the Sriperumpudur SRO, and is classified as Mixed Type - III.

How the guideline value of Sri Baba Nagar Phase-IV has changed

The guideline value for Sri Baba Nagar Phase-IV has remained consistent at Rs 600 per sq.ft since the 2023 revision. Prior to that, there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017, indicating that the register has no figure for this street in those years.

In the 2024 revision, the guideline value remains unchanged at Rs 600 per sq.ft, reflecting a 0% change from the previous year (2023). This stability in the guideline value suggests a consistent valuation for this property area.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, placing the 2024 figure for Sri Baba Nagar Phase-IV above this median.

• Sri Baba Nagar ph.III: Rs 550 per sq.ft (2024)
• Sri Aurobindo Vasantham Nature City: Rs 200 per sq.ft (2024)
• Sri Aurobindo Nagar Part - II: Rs 150 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 600 per sq.ft (2024)
• S&P Elegance: Rs 205 per sq.ft (2024)
• Sivan Koil Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Baba Nagar Phase-IV

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Baba Nagar Phase-IV?

The Sri Baba Nagar Phase-IV area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vadakal_C. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to consider this value to ensure compliance with registration requirements and to avoid potential disputes regarding property valuation.

Frequently asked questions

What is the current guideline value of Sri Baba Nagar Phase-IV?

The current guideline value of Sri Baba Nagar Phase-IV 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 since the 2023 revision. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Baba Nagar Phase-IV?

Sri Baba Nagar Phase-IV is classified as Mixed Type - III. This classification can affect zoning regulations and property usage.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Where is the Sub Registrar Office for Sri Baba Nagar Phase-IV located?

The Sub Registrar Office covering Sri Baba Nagar Phase-IV is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.