Guideline Value for BASHYAM REDDY 1ST STREET

Bashyam Reddy 1st Street guideline value

The current guideline value of Bashyam Reddy 1st Street is Rs 3,200 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 III Type - I.

How the guideline value of Bashyam Reddy 1st Street has changed

The guideline value for Bashyam Reddy 1st Street has seen significant changes over the years. In the 2003 revision, the value was Rs 550 per sq.ft. This increased to Rs 700 per sq.ft in 2007, marking a 27% increase. The value then rose dramatically to Rs 2,010 per sq.ft in 2017, reflecting a 187% increase. By the 2023 revision, the value reached Rs 3,000 per sq.ft, which was a 49% increase from the previous figure. The current 2024 revision shows a further increase to Rs 3,200 per sq.ft, which is a 7% rise from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 482%.

Guideline values in Perambur

In Perambur village, 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 Bashyam Reddy 1st Street is above this median.

• Bashyam Reddy 2nd Street: Rs 3,800 per sq.ft (2024)
• Bashyam Reddy 3rd Street: Rs 3,800 per sq.ft (2024)
• Bashyam Reddy Main Road: Rs 3,800 per sq.ft (2024)
• Barathi Road 2nd Street: Rs 5,400 per sq.ft (2024)
• Barathi Road 1st Street: Rs 5,400 per sq.ft (2024)
• Barathi Road: Rs 6,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bashyam Reddy 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total to Rs 2,88,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bashyam Reddy 1st Street?

The Sub Registrar Office that covers Bashyam Reddy 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Perambur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value can affect the overall cost of the property transaction.

When registering a property, the guideline value is used to calculate the applicable duties. It is essential to ensure that the sale price is not lower than the guideline value, as the higher amount will be used for duty calculations.

Frequently asked questions

What is the current guideline value of Bashyam Reddy 1st Street?

The current guideline value of Bashyam Reddy 1st Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 550 per sq.ft in 2003 to Rs 3,200 per sq.ft in 2024, marking an overall increase of 482% over this period.

What is the land classification for Bashyam Reddy 1st Street?

Bashyam Reddy 1st Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in Bashyam Reddy 1st Street?

For a property valued at Rs 32,00,000, the stamp duty would be Rs 2,24,000 and the registration fee would be Rs 64,000, totaling Rs 2,88,000.

Which office handles registrations for Bashyam Reddy 1st Street?

The Purasaivakkam Sub Registrar Office handles registrations for Bashyam Reddy 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.