Guideline Value for Baskaran Avenue

Baskaran Avenue guideline value

The current guideline value of Baskaran Avenue is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kanthoor village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Baskaran Avenue has changed

The guideline value for Baskaran Avenue has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% decline. However, from 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft, and this rate has been consistent through to the 2024 revision, which also maintains the value at Rs 150 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft. The most recent revision from 2023 to 2024 indicates no change, reflecting stability in the guideline value for this period.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft, with a median value of Rs 181 per sq.ft. Baskaran Avenue's guideline value of Rs 150 per sq.ft is below this median.

• Bajanai Kovil Street: Rs 181 per sq.ft (2024)
• Bajanai Kovil Cross Street: Rs 150 per sq.ft (2024)
• Big Street: Rs 150 per sq.ft (2024)
• Biramanar Cross Street: Rs 150 per sq.ft (2024)
• Biramanar Street: Rs 181 per sq.ft (2024)
• Central Grand: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Baskaran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baskaran Avenue?

The Sub Registrar Office covering Baskaran Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kanthoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Baskaran Avenue?

The current guideline value of Baskaran Avenue is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Baskaran Avenue has remained at Rs 150 per sq.ft from 2012 to 2024, with a decrease to Rs 100 per sq.ft in 2017 and an increase back to Rs 150 per sq.ft in 2023.

What is the land classification for Baskaran Avenue?

Baskaran Avenue is classified as Residential Class III Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Baskaran Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The total stamp duty and registration fees would amount to Rs 13,500.

Which office handles property registrations for Baskaran Avenue?

The Sunguvarchattram Sub Registrar Office handles property registrations for Baskaran Avenue, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.