Guideline Value for Bagavath Sing Street

Bagavath Sing Street guideline value

The current guideline value of Bagavath Sing Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bagavath Sing Street has changed

The guideline value for Bagavath Sing Street has seen several revisions over the years. In 2002, the value was Rs 182 per sq.ft, which increased to Rs 225 per sq.ft in 2003, marking a 24% rise. By 2007, the value surged to Rs 500 per sq.ft, reflecting a significant increase of 122%. The 2012 revision brought the value to Rs 3,000 per sq.ft, which was a 500% increase from the previous figure. However, in 2017, it decreased to Rs 2,010 per sq.ft, representing a decline of 33%.

From 2017 to 2023, the guideline value rose substantially to Rs 3,000 per sq.ft, showing a 49% increase. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year. There are no figures available for revisions in any other years for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Bagavath Sing Street.

• Ayyasamy Street: Rs 6,600 per sq.ft (2024)
• Ayyanar Nagar: Rs 3,300 per sq.ft (2024)
• Bajanai Koil Street (Kannadapalayam): Rs 1,320 per sq.ft (2024)
• Bajanai Koil Street (Near Gandhi road Ward-1): Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street (Near mudichur road ward-31): Rs 3,300 per sq.ft (2024)
• Asthalakshmi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bagavath Sing Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bagavath Sing Street?

The Sub Registrar Office that covers Bagavath Sing Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Tambaram. It is the benchmark value set by the government for properties in a specific area, which is used to calculate the stamp duty and registration fees applicable during a transaction.

When you buy or sell a property, the guideline value is considered to ensure that the transaction is registered at a fair value. The stamp duty and registration fees are calculated based on this value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bagavath Sing Street?

The current guideline value of Bagavath Sing Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 182 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 1713% over the years.

What is the land classification for Bagavath Sing Street?

Bagavath Sing Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Bagavath Sing Street located?

The Sub Registrar Office for Bagavath Sing Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is stamp duty calculated for properties in Bagavath Sing Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.