Guideline Value for BASHYAM REDDY 2ND STREET

Bashyam Reddy 2nd Street guideline value

The current guideline value of Bashyam Reddy 2nd Street is Rs 3,800 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 II Type - II.

How the guideline value of Bashyam Reddy 2nd Street has changed

The guideline value for Bashyam Reddy 2nd Street has seen several revisions over the years. In the 2003 revision, the guideline value was Rs 550 per sq.ft, which increased to Rs 700 per sq.ft in the 2007 revision. The value then rose significantly to Rs 3,500 per sq.ft in the 2012 revision, before dropping to Rs 2,345 per sq.ft in 2017. The 2023 revision brought it back up to Rs 3,500 per sq.ft, and the most recent revision in 2024 set it at Rs 3,800 per sq.ft.

Between the revisions, notable changes include a 49% increase from 2017 to 2023, and a substantial 400% increase from 2007 to 2012. The increase from 2023 to 2024 is 9%. Overall, from 2003 to 2024, the guideline value has increased by 591%. The register has no figure for the year 2002 for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, making the 2024 figure for Bashyam Reddy 2nd Street above that median.

• Bashyam Reddy 1st Street: Rs 3,200 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bashyam Reddy 2nd Street?

The Sub Registrar Office that covers Bashyam Reddy 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark to determine the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Bashyam Reddy 2nd Street?

The current guideline value of Bashyam Reddy 2nd Street is Rs 3,800 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 3,800 per sq.ft in 2024, showing an overall increase of 591% over this period.

What is the land classification for Bashyam Reddy 2nd Street?

Bashyam Reddy 2nd Street is classified as Residential Class II Type - II, which indicates its suitability for residential development.

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

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office covers this street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covers Bashyam Reddy 2nd Street.