Guideline Value for Basha Sahib IIIrd Lane

Basha Sahib IIIrd Lane guideline value

The current guideline value of Basha Sahib IIIrd Lane is Rs 3,900 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 III Type - I.

How the guideline value of Basha Sahib IIIrd Lane has changed

The guideline value register shows no figures for Basha Sahib IIIrd Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision, which is Rs 3,900 per sq.ft.

Since there have been no figures for this street in the previous revisions, the current rate represents a new entry in the guideline value register.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 figure, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Basha Sahib IIIrd Lane's guideline value below that median.

• Basha Sahib 2nd lane: Rs 7,100 per sq.ft (2024)
• Basha Sahib 1st lane: Rs 7,100 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 IIIrd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost for these charges Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Basha Sahib IIIrd Lane?

The Sub Registrar Office that covers Basha Sahib IIIrd 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 is a crucial factor when registering property transactions in Egmore. It determines the minimum price at which a property must be registered, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of ownership. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Basha Sahib IIIrd Lane?

The current guideline value of Basha Sahib IIIrd Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

What is the land classification for Basha Sahib IIIrd Lane?

Basha Sahib IIIrd Lane is classified as Residential Class III Type - I, indicating its use for residential purposes.

How many streets in Egmore have a 2024 guideline value?

There are 465 streets in Egmore under the Periamet SRO that carry a 2024 guideline value, with rates ranging from Rs 2,800 to Rs 22,000 per sq.ft.

What are the stamp duty rates for property in Basha Sahib IIIrd Lane?

The stamp duty for property in Basha Sahib IIIrd Lane is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Basha Sahib IIIrd Lane located?

The Sub Registrar Office for Basha Sahib IIIrd Lane is located at 1103, Poonamallee High Road, Chennai-600 003, under the Periamet registration zone.