Guideline Value for Bai - Pass Road

Bai - Pass Road guideline value

The current guideline value of Bai - Pass Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, and the land classification is Residential Special Type - V.

How the guideline value of Bai - Pass Road has changed

The guideline value for Bai - Pass Road has seen several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased significantly to Rs 3,000 per sq.ft by 2012. However, between 2012 and 2017, there was a decrease to Rs 2,010 per sq.ft. The value then rose to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 843%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Bai - Pass Road's 2024 figure above this median.

• Ayyanar Avenue: Rs 1,320 per sq.ft (2024)
• Athiyaman Street: Rs 1,100 per sq.ft (2024)
• Athiyaman Cross Street: Rs 879 per sq.ft (2024)
• Bala Vinayagar Nagar: Rs 1,320 per sq.ft (2024)
• Arumugam Nagar: Rs 879 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bai - Pass Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bai - Pass Road?

The Bai - Pass Road is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periyakuppam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bai - Pass Road?

The current guideline value of Bai - Pass Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 350 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 843%.

What is the median guideline value for streets in Periyakuppam?

The median guideline value for the 105 streets in Periyakuppam is Rs 1,100 per sq.ft, with Bai - Pass Road's 2024 figure being above this median.

How is the stamp duty calculated for properties on Bai - Pass Road?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,31,000.

Where can I find the Sub Registrar Office for Bai - Pass Road?

The Sub Registrar Office covering Bai - Pass Road is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.