Guideline Value for Sri Baba Nagar

Sri Baba Nagar guideline value

The current guideline value of Sri Baba Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Baba Nagar has changed

Over the years, the guideline value of Sri Baba Nagar has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which then increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 670 per sq.ft, before returning to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

From 2017 to 2023, the increase was 49%, while the change from 2012 to 2017 was a decrease of 33%. Notably, the overall change from 2007 to 2024 is a substantial increase of 400%. The guideline value register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value of Sri Baba Nagar.

• Sri Balaji Nagar Stage-1,2,3: Rs 1,000 per sq.ft (2024)
• Sri Ganesh Avenue: Rs 1,000 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 1,000 per sq.ft (2024)
• Sri Gayathri Co.op Mega Nagar: Rs 1,000 per sq.ft (2024)
• Sri Kanthavel Nagar: Rs 1,000 per sq.ft (2024)
• Sri Krishna Nagar Extn-I,II: Rs 1,000 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 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Baba Nagar?

The Sub Registrar Office that covers Sri Baba Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Adhanoor. It acts as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the actual sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Baba Nagar?

The current guideline value of Sri Baba Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revisions in 2023 and 2024 both set at Rs 1,000 per sq.ft. The value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification for Sri Baba Nagar?

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

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

The Gooduvancheri Sub Registrar Office covers Sri Baba Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,000 per sq.ft has a guideline value of Rs 10,00,000, leading to fees of Rs 90,000 in total.