Guideline Value for BASKARA STREET

Baskara Street guideline value

The current guideline value of Baskara Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Baskara Street has changed

The guideline value for Baskara Street has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 1,800 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, marking a substantial rise of 261%. However, from 2012 to 2017, the value dropped to Rs 4,355 per sq.ft, a decrease of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, reflecting a 49% increase. Currently, as of the 2024 revision, the guideline value stands at Rs 7,100 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there are no recorded figures for Baskara Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 294%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Baskara Street's 2024 figure above this median.

• Basha Street: Rs 7,100 per sq.ft (2024)
• Baroda Street Extension: Rs 7,100 per sq.ft (2024)
• Baroda Street: Rs 7,100 per sq.ft (2024)
• Baroda 5th Street: Rs 7,100 per sq.ft (2024)
• Baroda 4th Street: Rs 7,100 per sq.ft (2024)
• Baroda 3rd Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Baskara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total charges to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baskara Street?

The Sub Registrar Office that covers Baskara Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is often used as a reference point for assessing property transactions.

When registering a property, the guideline value ensures that the transaction is documented accurately, reflecting the legal value of the property. This helps maintain transparency in property dealings and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Baskara Street?

The current guideline value of Baskara Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 294% over the years.

What is the land classification for Baskara Street?

Baskara Street is classified as Residential Special Type - II under the Kodambakkam SRO.

Where can I find the Sub Registrar Office for Baskara Street?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Baskara Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at a rate of 7%.