Guideline Value for Basha Sahib 2nd lane

Basha Sahib 2nd lane guideline value

The current guideline value for Basha Sahib 2nd lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - I.

How the guideline value of Basha Sahib 2nd lane has changed

The guideline value for Basha Sahib 2nd lane has seen several revisions over the years. In 2002, the value was Rs 508 per sq.ft, which increased to Rs 560 per sq.ft in 2003. The value then rose significantly to Rs 1,000 per sq.ft in 2007, and further increased to Rs 6,500 per sq.ft in 2012. However, it dropped to Rs 4,355 per sq.ft in 2017. The 2023 revision brought it back up to Rs 6,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 7,100 per sq.ft. Notably, there are no figures for the revisions in years not listed.

In terms of percentage changes, from 2002 to 2024, the overall increase is +1298%. The most significant jump occurred between 2007 and 2012, which saw a rise of +550%. The change from 2017 to 2023 was +49%, while the increase from 2023 to 2024 was +9%. The value fell by -33% from 2012 to 2017, and there was a +79% increase from 2003 to 2007. The increase from 2002 to 2003 was +10%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, which is the same as the current value for Basha Sahib 2nd lane.

• Basha Sahib 1st lane: Rs 7,100 per sq.ft (2024)
• Basha Sahib IIIrd Lane: Rs 3,900 per sq.ft (2024)
• Batcha Sahib street: Rs 7,100 per sq.ft (2024)
• Bank Street: Rs 11,000 per sq.ft (2024)
• Bandala Dhanammal Road: Rs 11,000 per sq.ft (2024)
• Bandala chitti Babu NaiduStreet: Rs 13,500 per sq.ft (2024)

Stamp duty and registration fee for property in Basha Sahib 2nd lane

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 amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Basha Sahib 2nd lane?

The Sub Registrar Office that covers Basha Sahib 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Egmore. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that all transactions are recorded accurately and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of property transactions. Keeping updated with the latest revisions is important for making informed decisions in the real estate market.

Frequently asked questions

What is the current guideline value for Basha Sahib 2nd lane?

The current guideline value for Basha Sahib 2nd lane 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 significantly from Rs 508 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, marking an overall increase of +1298% over the years.

What is the land classification for Basha Sahib 2nd lane?

Basha Sahib 2nd lane is classified as Residential Class II Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Basha Sahib 2nd lane?

The Sub Registrar Office for Basha Sahib 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property with a guideline value of Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000.