Guideline Value for Basheer Ahamed Road

Basheer Ahamed Road guideline value

The current guideline value of Basheer Ahamed Road is Rs 14,300 per sq.ft. This street is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO, and is classified as Residential Special Type - IV.

How the guideline value of Basheer Ahamed Road has changed

The guideline value for Basheer Ahamed Road has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, sets the value at Rs 14,300 per sq.ft, which is an increase of 10% from the previous year's figure of Rs 13,000 per sq.ft in 2023. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

Prior to the 2023 revision, the last recorded figure was Rs 13,000 per sq.ft in 2023. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street. The guideline value has thus seen a significant rise from the previous year's figure.

Guideline values in Mylapore Part 2

Mylapore Part 2 has a total of 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value in this village is Rs 8,800 per sq.ft, placing Basheer Ahamed Road's 2024 figure above this median.

• Baruva Nagar: Rs 5,500 per sq.ft (2024)
• Bazaar Road (Royapettah) Gowdia Mutt Road: Rs 13,200 per sq.ft (2024)
• Beerkaran 1st Cross Street: Rs 7,700 per sq.ft (2024)
• Beerkaran 1st Street: Rs 7,700 per sq.ft (2024)
• Beerkaran 2nd Street: Rs 7,700 per sq.ft (2024)
• Beerkaran 3rd Cross Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Basheer Ahamed Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, leading to a total of Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Basheer Ahamed Road?

The Sub Registrar Office that covers Basheer Ahamed Road is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in property transactions in Mylapore Part 2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware of the current guideline value to ensure they are prepared for these expenses during the registration process.

Frequently asked questions

What is the current guideline value of Basheer Ahamed Road?

The current guideline value of Basheer Ahamed Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from last year?

The guideline value increased by 10% from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024.

What is the land classification of Basheer Ahamed Road?

Basheer Ahamed Road is classified as Residential Special Type - IV.

Where can I find the Sub Registrar Office for Basheer Ahamed Road?

The Sub Registrar Office for Basheer Ahamed Road is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Basheer Ahamed Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,43,00,000, the stamp duty would be Rs 10,01,000 at a rate of 7%.