Guideline Value

Corporate

Guideline Value for B.B.ROAD 2ND CROSS STREET

₹5400/sq.ft.

The guideline value for B.b.road 2nd Cross 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 ₹465 /sq.ft.
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 2nd Cross Street

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B.B.Road 2nd Cross Street guideline value

The current guideline value of B.B.Road 2nd Cross 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 2nd Cross Street has changed

The guideline value for B.B.Road 2nd Cross Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 465 per sq.ft. It increased significantly to Rs 800 per sq.ft in 2007, followed by a substantial jump to Rs 5,000 per sq.ft in 2012. However, there was a decrease to Rs 3,350 per sq.ft in 2017. The value rose again to Rs 5,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 5,400 per sq.ft. The register has no figure for this street in 2002.

Between the revisions, there have been notable changes. From 2003 to 2007, the value increased by 72%. The jump from 2007 to 2012 was remarkable, with a 525% increase. However, from 2012 to 2017, there was a decrease of 33%. The value rose by 49% from 2017 to 2023, and most recently, there was an 8% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 1061%.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry 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.B.Road 2nd Cross Street is above this median.

Stamp duty and registration fee for property in B.B.Road 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value would be 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 fees together to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.B.Road 2nd Cross Street?

The Sub Registrar Office covering B.B.Road 2nd Cross Street 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 a crucial factor when registering property transactions in Perambur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for B.B.Road 2nd Cross Street?

The current guideline value for B.B.Road 2nd Cross 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, starting from Rs 465 per sq.ft in 2003 to Rs 5,400 per sq.ft in 2024, reflecting an overall increase of 1061% over the years.

What is the land classification for B.B.Road 2nd Cross Street?

B.B.Road 2nd Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it handles registrations for properties in this area.

How is stamp duty calculated for properties in B.B.Road 2nd Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. 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%.