Guideline Value for Baskaran Avenue part-I

Baskaran Avenue part-I guideline value

The current guideline value of Baskaran Avenue part-I is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Mudhukoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Baskaran Avenue part-I has changed

The guideline value for Baskaran Avenue part-I has seen revisions over the years. The most recent revision in 2024 set the value at Rs 250 per sq.ft, an increase from the 2023 revision, which was Rs 150 per sq.ft. This change represents a significant increase of 67% from the previous year.

There are no figures available for this street in the revisions from 2002, 2003, 2007, 2012, and 2017. The only figures recorded are for 2023 and 2024.

Guideline values in Mudhukoor

In Mudhukoor, there are 29 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 448 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, making the 2024 figure for Baskaran Avenue part-I above that median.

• Baskaran Avenue part-II: Rs 250 per sq.ft (2024)
• Beauty Garden Resorts: Rs 200 per sq.ft (2024)
• Beauty Green Orchards: Rs 200 per sq.ft (2024)
• Green Areena: Rs 200 per sq.ft (2024)
• Indhira Nagar: Rs 250 per sq.ft (2024)
• Kamaraj Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Baskaran Avenue part-I

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Baskaran Avenue part-I?

The Sub Registrar Office that covers Baskaran Avenue part-I is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Mudhukoor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Baskaran Avenue part-I?

The current guideline value of Baskaran Avenue part-I is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2023 to Rs 250 per sq.ft in 2024, which is a 67% increase. There are no recorded figures for the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Baskaran Avenue part-I?

Baskaran Avenue part-I is classified as Residential Class I Type - I. This classification indicates the type of development permissible in the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Baskaran Avenue part-I?

The Sub Registrar Office for Baskaran Avenue part-I is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.