Guideline Value for Bashiyam Nagar 3rd Street

Bashiyam Nagar 3rd Street guideline value

The current guideline value of Bashiyam Nagar 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village and falls under the Pallavaram SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Bashiyam Nagar 3rd Street has changed

The guideline value for Bashiyam Nagar 3rd Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 525 per sq.ft. This value increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 567%. However, it then decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase again to Rs 3,500 per sq.ft in 2023, followed by a further rise to Rs 3,850 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a guideline value for 2024, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value among these streets is Rs 2,970 per sq.ft, placing Bashiyam Nagar 3rd Street's 2024 figure above the median.

• Bashiyam Nagar 2nd Street: Rs 3,850 per sq.ft (2024)
• Bashiyam Nagar 1st Street: Rs 3,850 per sq.ft (2024)
• Bashiyam Nagar: Rs 3,850 per sq.ft (2024)
• Bangalamalai Street: Rs 1,650 per sq.ft (2024)
• Balaji Nagar 1,2,3,4: Rs 2,970 per sq.ft (2024)
• Balaji Nagar: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Bashiyam Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. 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 Bashiyam Nagar 3rd Street?

The Bashiyam Nagar 3rd Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Hastinapuram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a standard value.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of registration. Buyers should ensure that they are prepared for the associated fees based on this value.

Frequently asked questions

What is the current guideline value of Bashiyam Nagar 3rd Street?

The current guideline value of Bashiyam Nagar 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 525 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 633%.

What is the registration office for Bashiyam Nagar 3rd Street?

The registration office covering Bashiyam Nagar 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a property valued at Rs 38,50,000 would incur a total fee of Rs 3,46,500.

Where can I find more information about stamp duty and registration fees?

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