Guideline Value for BASKAR NAGAR 1 AND 2ND STREETS

Baskar Nagar 1 And 2nd Streets guideline value

The current guideline value for Baskar Nagar 1 And 2nd Streets in Kilkattalai village is Rs 2,530 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Baskar Nagar 1 And 2nd Streets has changed

The guideline value for Baskar Nagar 1 And 2nd Streets has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,300 per sq.ft. This figure decreased to Rs 1,541 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,300 per sq.ft, representing a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,530 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, which is equal to the current rate for Baskar Nagar 1 And 2nd Streets.

• Baskar Nagar: Rs 2,530 per sq.ft (2024)
• Baskar Nagar 1st & 2nd Cross Street: Rs 2,530 per sq.ft (2024)
• Balaram Nagar: Rs 2,200 per sq.ft (2024)
• Balamurugan Nagar 1 To 9 Streets: Rs 2,750 per sq.ft (2024)
• Balamurugan Nagar: Rs 2,750 per sq.ft (2024)
• Bharathi Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Baskar Nagar 1 And 2nd Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration fees would be Rs 2,27,700. It is important to note that 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 details.

Which Sub Registrar Office covers Baskar Nagar 1 And 2nd Streets?

The Baskar Nagar 1 And 2nd Streets area falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay. The registration office uses this value to ensure that the correct fees are collected based on the property's worth.

When you buy or sell property in this area, it is essential to be aware of the current guideline value, as it directly impacts the overall costs involved in the transaction. Buyers should ensure that they are prepared for these costs to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Baskar Nagar 1 And 2nd Streets?

The current guideline value for Baskar Nagar 1 And 2nd Streets is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for Baskar Nagar 1 And 2nd Streets?

Baskar Nagar 1 And 2nd Streets is classified as Residential Class I Type - II.

Where can I find the registration office for Baskar Nagar 1 And 2nd Streets?

The registration office for Baskar Nagar 1 And 2nd Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Baskar Nagar 1 And 2nd Streets?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% of the guideline value.