Guideline Value for Basin Bridge Road

Basin Bridge Road guideline value

The current guideline value of Basin Bridge Road in Tondaiarpet village, under the Royapuram SRO, is Rs 4,900 per sq.ft, effective from 1 July 2024. This classification falls under Commercial Special Type - I.

How the guideline value of Basin Bridge Road has changed

Over the years, the guideline value of Basin Bridge Road has seen significant changes. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased dramatically to Rs 4,500 per sq.ft in 2012, marking a rise of 200%. However, by 2017, the value decreased to Rs 3,015 per sq.ft, representing a decline of 33%. The 2023 revision brought it back up to Rs 4,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 4,900 per sq.ft, a rise of 9% from the previous year.

In summary, from 2007 to 2024, the overall increase in the guideline value is 227%. The revisions for the years 2002 and 2003 do not have figures for this street in the register.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, placing Basin Bridge Road's 2024 figure above that median.

• Bashyam Street: Rs 2,200 per sq.ft (2024)
• Balu Street: Rs 2,200 per sq.ft (2024)
• Balakrishnan 2nd Street: Rs 1,600 per sq.ft (2024)
• Balakrishnan 1st Street: Rs 1,600 per sq.ft (2024)
• Bishob 2nd Lane: Rs 1,100 per sq.ft (2024)
• Bishob 3rd Lane: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Basin Bridge Road

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Basin Bridge Road?

The Sub Registrar Office covering Basin Bridge Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Basin Bridge Road?

The current guideline value of Basin Bridge Road is Rs 4,900 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 1,500 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 227% over the years.

What are the stamp duty rates for property in Basin Bridge Road?

The stamp duty for property in Basin Bridge Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Basin Bridge Road located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What other streets have guideline values in Tondaiarpet?

Other streets in Tondaiarpet include Bashyam Street and Balu Street, both valued at Rs 2,200 per sq.ft, and Balakrishnan 1st and 2nd Streets, both valued at Rs 1,600 per sq.ft in 2024.