Guideline Value for B.B.ROAD

B.B.Road guideline value

The current guideline value of B.B.Road in Perambur village, under the Purasaivakkam SRO, is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Special Type - II.

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

The guideline value for B.B.Road has seen several revisions over the years. In 2003, the guideline value was Rs 465 per sq.ft. This increased to Rs 1,250 per sq.ft in 2007, marking a significant rise of 169%. The value then surged by 420% to reach Rs 6,500 per sq.ft in 2012. However, it decreased by 33% to Rs 4,355 per sq.ft in 2017. The value saw a substantial increase of 49% to Rs 6,500 per sq.ft in 2023, before reaching the current rate of Rs 7,100 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1,427%. The register has no figure for this street in 2002.

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. The guideline value of B.B.Road is above this median.

• B.B. Road 10th Cross Street: Rs 5,400 per sq.ft (2024)
• B.B.Road 1st Cross Street: Rs 5,400 per sq.ft (2024)
• B.B. Road 1st Street: Rs 5,400 per sq.ft (2024)
• B.B.Road 2nd Cross Street: Rs 5,400 per sq.ft (2024)
• B.B. Road 2nd Street: Rs 5,400 per sq.ft (2024)
• B.B.Road 3rd Cross Street: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in B.B.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total charges Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.B.Road?

The Sub Registrar Office that covers B.B.Road 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 during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable fees, ensuring compliance with local regulations. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of B.B.Road is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 465 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 1,427%.

What are the other streets in Perambur with their guideline values?

Other streets in Perambur include B.B. Road 10th Cross Street, B.B.Road 1st Cross Street, B.B. Road 1st Street, B.B.Road 2nd Cross Street, B.B. Road 2nd Street, and B.B.Road 3rd Cross Street, all valued at Rs 5,400 per sq.ft in 2024.

What is the registration fee for property in B.B.Road?

The registration fee for property in B.B.Road is calculated based on the guideline value. For a property valued at Rs 71,00,000, the registration fee would be Rs 1,42,000 at a rate of 2%.

Where is the Sub Registrar Office for B.B.Road located?

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