Guideline Value for Baharathiyar Street /VOC Nagar

Baharathiyar Street /VOC Nagar guideline value

The current guideline value for Baharathiyar Street /VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Baharathiyar Street /VOC Nagar has changed

The guideline value for Baharathiyar Street /VOC Nagar has seen significant changes over the years. In 2002, the value was Rs 184 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, reflecting a 73% increase from the previous revision. In 2017, the guideline value jumped dramatically to Rs 1,675 per sq.ft, which was a staggering 365% increase from 2007. The next revision in 2023 saw the value rise to Rs 2,500 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from 2023. Notably, there is no figure recorded for this street in the 2012 revision.

Guideline values in Pammal

In Pammal, there are a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Baharathiyar Street /VOC Nagar's 2024 figure above this median.

• Baharathiyar Street / Sholavaram Nagar: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street / Prasanthi Nagar: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street / Ponni Nagar: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street / Near Pammal Main Road: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Babu Street, Sambandhanar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Baharathiyar Street /VOC Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baharathiyar Street /VOC Nagar?

The Sub Registrar Office that covers Baharathiyar Street /VOC Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value is a crucial factor when buying or selling property in Pammal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements, as it affects the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is lower than the guideline value, the stamp duty and registration fees will be calculated based on the guideline value, ensuring that properties are not undervalued during the registration process.

Frequently asked questions

What is the current guideline value of Baharathiyar Street /VOC Nagar?

The current guideline value of Baharathiyar Street /VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 184 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1395% over the years.

What is the land classification for Baharathiyar Street /VOC Nagar?

Baharathiyar Street /VOC Nagar is classified as Commercial Class I Type - II.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Baharathiyar Street /VOC Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would amount to Rs 1,92,500.