Guideline Value

Corporate

Guideline Value for B.B. ROAD 1ST STREET

₹5400/sq.ft.

The guideline value for B.b. Road 1st Street in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 5400 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5400 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /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)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 B.b. Road 1st Street

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B.B. Road 1st Street guideline value

The current guideline value of B.B. Road 1st Street is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of B.B. Road 1st Street has changed

The guideline value for B.B. Road 1st Street has seen significant changes over the years. In the 2007 revision, the value was Rs 800 per sq.ft, which increased dramatically to Rs 5,000 per sq.ft in 2012, marking a rise of 525%. However, in the 2017 revision, the value dropped to Rs 3,350 per sq.ft, a decrease of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,400 per sq.ft as of the 2024 revision, reflecting an increase of 8% from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 575%.

Guideline values in Perambur

In Perambur, the guideline values vary significantly across different streets. The 2024 guideline values for streets in Perambur range from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. B.B. Road 1st Street's current guideline value is above this median.

Stamp duty and registration fee for property in B.B. Road 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value amounts to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, making the total fees together Rs 4,86,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers B.B. Road 1st Street?

The Sub Registrar Office that covers B.B. Road 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can directly impact the costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of B.B. Road 1st Street?

The current guideline value of B.B. Road 1st Street is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 800 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, representing an overall increase of 575% over this period.

What are the stamp duty and registration fees for property in B.B. Road 1st Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 54,00,000. The stamp duty would be Rs 3,78,000, and the registration fee would be Rs 1,08,000, totaling Rs 4,86,000.

Which Sub Registrar Office covers B.B. Road 1st Street?

The Purasaivakkam Sub Registrar Office covers B.B. Road 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of B.B. Road 1st Street?

B.B. Road 1st Street is classified as Residential Class I Type - I under the guideline value register.