Guideline Value for BASKAR NAGAR

Baskar Nagar guideline value

The current guideline value of Baskar Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class II Type - III.

How the guideline value of Baskar Nagar has changed

The guideline value for Baskar Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in 2023. The most recent 2024 revision has set the value at Rs 750 per sq.ft, marking a 7% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 60%.

It is important to note that there are no recorded figures for Baskar Nagar in the revisions of 2002, 2003, 2007, and 2012. The significant changes between the revisions highlight the evolving nature of property valuation in the area.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO, with guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value is Rs 750 per sq.ft, which aligns with the current value for Baskar Nagar.

• Bharadhi St: Rs 440 per sq.ft (2024)
• Balakrishnan Nagar & Streets: Rs 750 per sq.ft (2024)
• Balaji Nagar Extn: Rs 750 per sq.ft (2024)
• Bharath Nagar: Rs 990 per sq.ft (2024)
• Balaji Nagar: Rs 750 per sq.ft (2024)
• Balaji Garden: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Baskar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees together to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Baskar Nagar?

The Sub Registrar Office that covers Baskar Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-A. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Baskar Nagar?

The current guideline value of Baskar Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, a total increase of 60% over the seven years.

What is the land classification of Baskar Nagar?

Baskar Nagar is classified as Residential Class II Type - III, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Baskar Nagar?

The Avadi Sub Registrar Office covers Baskar Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Baskar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 750 per sq.ft incurs a stamp duty of Rs 52,500.