Guideline Value for B.B.ROAD ALL LANES

B.B.Road All Lanes guideline value

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

How the guideline value of B.B.Road All Lanes has changed

The guideline value for B.B.Road All Lanes has seen several revisions over the years. In 2007, the value was set at Rs 800 per sq.ft. This figure significantly increased to Rs 5,000 per sq.ft in 2012, marking a remarkable increase of 525%. However, it then decreased to Rs 3,350 per sq.ft in 2017, reflecting a drop of 33%. The value rebounded to Rs 5,000 per sq.ft in 2023 and rose again to Rs 5,400 per sq.ft in 2024, representing an increase of 8% from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 575%. The progression of the guideline values reflects the changes in the real estate landscape, with the most recent value being the highest recorded for this street.

Guideline values in Perambur

In Perambur, there are 1,114 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. B.B.Road All Lanes is above this median, indicating a higher valuation compared to many other streets in the area.

• 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&c Mill Colony All Streets: Rs 3,800 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.B.Road All Lanes

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, making the total cost for these fees 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 detailed calculations.

Which Sub Registrar Office covers B.B.Road All Lanes?

The Sub Registrar Office that covers B.B.Road All Lanes 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 critical factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall transaction cost. Buyers should ensure that the sale price is aligned with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of B.B.Road All Lanes?

The current guideline value of B.B.Road All Lanes 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, reflecting an overall increase of 575% over this period.

What is the land classification for B.B.Road All Lanes?

B.B.Road All Lanes is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for B.B.Road All Lanes?

The Sub Registrar Office for B.B.Road All Lanes is located at Purasaivakkam Sub Registrar Office, 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in B.B.Road All Lanes?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 3,78,000 at a rate of 7%.