Guideline Value for Baskar Nagar

Baskar Nagar guideline value

The current guideline value of Baskar Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 2,530 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Baskar Nagar has changed

Over the years, the guideline value of Baskar Nagar has seen significant changes. In 2003, the guideline value was Rs 126 per sq.ft, which increased to Rs 400 per sq.ft in 2007. This was a substantial increase of 217%. The value then rose dramatically to Rs 2,300 per sq.ft in 2012, marking an increase of 475%. However, from 2012 to 2017, the value decreased by 33% to Rs 1,541 per sq.ft. The subsequent revisions saw a rise to Rs 2,300 per sq.ft in 2023, followed by the current value of Rs 2,530 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from 2003 to 2024, the guideline value has risen by an impressive 1908%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets listed under the Pallavaram SRO, with guideline values for 2024 ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, which is equal to the current guideline value of Baskar Nagar.

• Baskar Nagar 1 And 2nd Streets: Rs 2,530 per sq.ft (2024)
• Baskar Nagar 1st & 2nd Cross Street: Rs 2,530 per sq.ft (2024)
• Balaram Nagar: Rs 2,200 per sq.ft (2024)
• Balamurugan Nagar 1 To 9 Streets: Rs 2,750 per sq.ft (2024)
• Balamurugan Nagar: Rs 2,750 per sq.ft (2024)
• Bharathi Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Baskar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total fees to Rs 2,27,700. 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 Baskar Nagar?

The Sub Registrar Office that covers Baskar Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kilkattalai. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price; the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction aligns with the prevailing market conditions as reflected in the guideline value register.

Frequently asked questions

What is the current guideline value of Baskar Nagar?

The current guideline value of Baskar Nagar is Rs 2,530 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 126 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 1908% over this period.

What are the stamp duty and registration fees for property in Baskar Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 25,30,000, with stamp duty at Rs 1,77,100 and registration fees at Rs 50,600, totaling Rs 2,27,700.

Which Sub Registrar Office covers Baskar Nagar?

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

What is the land classification for Baskar Nagar?

Baskar Nagar falls under the Residential Class I Type - II land classification, indicating its suitability for residential purposes.