Guideline Value for Bashiyam Vathiyar Street

Bashiyam Vathiyar Street guideline value

The current guideline value of Bashiyam Vathiyar Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bashiyam Vathiyar Street has changed

The guideline value for Bashiyam Vathiyar Street has undergone several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. However, the value dropped by 33% to Rs 1,340 per sq.ft in 2017. The 2023 revision marked an increase to Rs 2,000 per sq.ft, followed by the current value of Rs 2,160 per sq.ft in 2024, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Bashiyam Vathiyar Street. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 764% in the guideline value.

Guideline values in Nemilicherry

In Nemilicherry village, there are 172 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 2,160 per sq.ft. Bashiyam Vathiyar Street's current guideline value aligns with this median.

• Beriamman Koil Street: Rs 2,750 per sq.ft (2024)
• Beriamman Nagar: Rs 2,420 per sq.ft (2024)
• Balasubramaniyam Street: Rs 2,750 per sq.ft (2024)
• Balamurugan Street: Rs 2,160 per sq.ft (2024)
• Bharadhamadha Street: Rs 2,200 per sq.ft (2024)
• Balaji Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Bashiyam Vathiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total fees to Rs 1,94,400. It is essential 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 Vathiyar Street?

The Sub Registrar Office that covers Bashiyam Vathiyar Street is 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 Nemilicherry

The guideline value is a critical factor when registering property transactions in Nemilicherry. It serves as a base for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value according to government standards.

When buying or selling property, the guideline value helps determine the official value of the property for legal and taxation purposes. Buyers and sellers should be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Bashiyam Vathiyar Street?

The current guideline value of Bashiyam Vathiyar Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, marking an overall increase of 764% over the years.

What are the stamp duty and registration fees for property in Bashiyam Vathiyar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 21,60,000, with a stamp duty of Rs 1,51,200 and a registration fee of Rs 43,200, totaling Rs 1,94,400.

Which Sub Registrar Office covers Bashiyam Vathiyar Street?

The Pallavaram Sub Registrar Office covers Bashiyam Vathiyar Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the median guideline value in Nemilicherry?

The median guideline value in Nemilicherry is Rs 2,160 per sq.ft, which is the same as the current value for Bashiyam Vathiyar Street.