Guideline Value for B&C MILL COLONY ALL STREETS

B&c Mill Colony All Streets guideline value

The current guideline value for B&c Mill Colony All Streets is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of B&c Mill Colony All Streets has changed

Starting from the earliest revision in 2002, the guideline value was Rs 420 per sq.ft. This figure increased to Rs 477 per sq.ft in 2003, marking a change of +14%. In 2007, the value saw a significant rise to Rs 700 per sq.ft, which represented a +47% increase. The 2012 revision recorded a guideline value of Rs 3,500 per sq.ft, indicating a substantial increase of +400% from the previous revision. However, this value decreased by -33% to Rs 2,345 per sq.ft in 2017.

In 2023, the guideline value rose to Rs 3,500 per sq.ft, and the latest revision in 2024 set the value at Rs 3,800 per sq.ft, reflecting a +9% increase. Overall, from 2002 to 2024, the guideline value has increased by +805%. The register has no figures for any years other than those listed.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for B&c Mill Colony All Streets is above this median.

• B.B.Road All Lanes: Rs 5,400 per sq.ft (2024)
• B.B. Road 9th Cross Street: Rs 5,400 per sq.ft (2024)
• B.B. Road 8th Cross Street: Rs 5,400 per sq.ft (2024)
• B.B. Road 7th Cross Street: Rs 5,400 per sq.ft (2024)
• B.B. Road 6th Street: Rs 5,400 per sq.ft (2024)
• B.B.Road 6th Cross Street: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in B&c Mill Colony All Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, while the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers B&c Mill Colony All Streets?

The Sub Registrar Office that covers B&c Mill Colony All Streets is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Perambur. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. These costs are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for B&c Mill Colony All Streets?

The current guideline value for B&c Mill Colony All Streets is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 420 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, which is an overall increase of +805%.

What is the land classification for B&c Mill Colony All Streets?

B&c Mill Colony All Streets is classified as Residential Class II Type - II according to the guidelines.

Where can I find the Sub Registrar Office for B&c Mill Colony All Streets?

The Sub Registrar Office for B&c Mill Colony All Streets is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in B&c Mill Colony All Streets?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at 7%.