Guideline Value for B.B. ROAD 6TH STREET

B.B. Road 6th Street guideline value

The current guideline value of B.B. Road 6th Street is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of B.B. Road 6th Street has changed

The guideline value of B.B. Road 6th Street has seen several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. The value rose again to Rs 5,000 per sq.ft in 2023 and is now Rs 5,400 per sq.ft in 2024, marking an 8% increase from the previous year.

Notably, there are no figures available for the guideline value of this street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 575%, reflecting the fluctuations in property valuation over the years.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing B.B. Road 6th Street's 2024 value above this median.

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

Stamp duty and registration fee for property in B.B. Road 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value is Rs 54,00,000. The stamp duty at 7% would amount to Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, bringing the total to Rs 4,86,000. 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 B.B. Road 6th Street?

The Sub Registrar Office that covers B.B. Road 6th 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 is a crucial factor during property transactions in Perambur, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. It is important for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of B.B. Road 6th Street?

The current guideline value of B.B. Road 6th 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, with various fluctuations in between.

What is the land classification for B.B. Road 6th Street?

The land classification for B.B. Road 6th Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for B.B. Road 6th Street?

The Sub Registrar Office for B.B. Road 6th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in B.B. Road 6th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 54,00,000, the stamp duty would be Rs 3,78,000 at a rate of 7%.