Guideline Value for B.B.ROAD 5TH CROSS STREET

B.B.Road 5th Cross Street guideline value

The current guideline value of B.B.Road 5th 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 5th Cross Street has changed

The guideline value for B.B.Road 5th Cross Street has seen several revisions over the years. In 2007, the value was set at Rs 800 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this figure dropped to Rs 3,350 per sq.ft in 2017. The value then rose again to Rs 5,000 per sq.ft in 2023, and most recently, it has been revised to Rs 5,400 per sq.ft in 2024, marking an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 575%. The revisions for 2002 and 2003 do not have figures available for this street in the register.

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 guideline value in this area is Rs 2,700 per sq.ft, placing B.B.Road 5th Cross Street above this median.

• B.B. Road 4th Street: Rs 5,400 per sq.ft (2024)
• B.B. Road 5th Street: Rs 5,400 per sq.ft (2024)
• B.B.Road 4th Cross Street: Rs 5,400 per sq.ft (2024)
• B.B.Road 6th Cross Street: Rs 5,400 per sq.ft (2024)
• B.B. Road 3rd Street: Rs 5,400 per sq.ft (2024)
• B.B. Road 6th Street: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in B.B.Road 5th 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 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, totaling Rs 4,86,000. It is important to note that 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 information.

Which Sub Registrar Office covers B.B.Road 5th Cross Street?

The Sub Registrar Office that covers B.B.Road 5th Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Perambur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of B.B.Road 5th Cross Street?

The current guideline value of B.B.Road 5th 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 from Rs 800 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, reflecting an overall increase of 575% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, with B.B.Road 5th Cross Street's value being above this median.

What are the stamp duty and registration fees for a property in this area?

For a property valued at 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 office handles property registrations for B.B.Road 5th Cross Street?

The Purasaivakkam Sub Registrar Office handles property registrations for B.B.Road 5th Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.