Guideline Value for BASKARA AVENUE

Baskara Avenue guideline value

The current guideline value of Baskara Avenue in Kachur village, under the Oothukkottai SRO, is Rs 100 per sq.ft. This value is effective from the 2024 revision, which will take place on 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Baskara Avenue has changed

The guideline value for Baskara Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 67 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and the overall change from 2017 to 2024 is also a rise of 49%. The guideline value remained unchanged from 2023 to 2024, indicating stability at the current rate.

Guideline values in Kachur

In addition to Baskara Avenue, there are other streets in Kachur that have their own guideline values. Baskara Avenue's current rate of Rs 100 per sq.ft places it below some of the other streets in the area.

• Kirubai Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Baskara Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. 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 more detailed calculations.

Which Sub Registrar Office covers Baskara Avenue?

The Oothukkottai Sub Registrar Office covers Baskara Avenue. The office is located near the government hospital in Uthukottai, Chennai, with the postal code 602026. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kachur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps to standardize the valuation process, making it easier for both buyers and sellers to understand the costs involved in the transaction. It is crucial for all 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 Baskara Avenue?

The current guideline value of Baskara Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the registration office for Baskara Avenue?

The registration office that covers Baskara Avenue is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai, with the postal code 602026.

How is stamp duty calculated for properties in Baskara Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 7,000.

Are there other streets in Kachur with different guideline values?

Yes, there are other streets in Kachur with different guideline values. For instance, Kirubai Nagar has a guideline value of Rs 150 per sq.ft as of 2024.