Guideline Value for Sri Baba Nagar ph.III

Sri Baba Nagar ph.III guideline value

The current guideline value of Sri Baba Nagar ph.III is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vadakal_C village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Baba Nagar ph.III has changed

The guideline value for Sri Baba Nagar ph.III has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which increased by 10% to Rs 550 per sq.ft in the 2024 revision.

This increase reflects the changes in the guideline value over the years, with the most recent adjustment occurring in 2024. The 2023 to 2024 revision marked a significant change, as the value rose from Rs 500 to Rs 550 per sq.ft.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sri Baba Nagar ph.III above this median.

• Sri Baba Nagar Phase-IV: Rs 600 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 ph.III

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Baba Nagar ph.III?

The Sri Baba Nagar ph.III area falls under the jurisdiction of 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 serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in this area.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, which is essential for tax purposes. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sri Baba Nagar ph.III?

The current guideline value of Sri Baba Nagar ph.III is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Baba Nagar ph.III?

Sri Baba Nagar ph.III is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

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

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