Guideline Value for Baskaran Street / Shivashanakaran Nagar

Baskaran Street / Shivashanakaran Nagar guideline value

The current guideline value of Baskaran Street / Shivashanakaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Baskaran Street / Shivashanakaran Nagar has changed

The guideline value for Baskaran Street / Shivashanakaran Nagar has seen significant changes over the years. In 2002, the value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, reflecting a 38% increase. By 2017, the guideline value had jumped to Rs 1,206 per sq.ft, a remarkable 235% increase from the previous revision. However, there is no figure available for this street in the 2012 revision.

In 2023, the guideline value was set at Rs 1,800 per sq.ft, which was a 49% increase from the 2017 figure. The latest revision in 2024 has seen the value rise to Rs 1,980 per sq.ft, representing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 761%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing the 2024 figure for Baskaran Street / Shivashanakaran Nagar below this median.

• Baskaran Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Baskaran Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Benjiaman Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Bhakathvachalam Street: Rs 1,980 per sq.ft (2024)
• Bhakthavatchalam Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Bhanth Street / Ganapathy Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Baskaran Street / Shivashanakaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. 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 Baskaran Street / Shivashanakaran Nagar?

The Baskaran Street / Shivashanakaran Nagar falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value is a crucial factor when buying or selling property in Pammal. It serves as the minimum value for property transactions, ensuring that the registration fees and stamp duties are calculated based on a standard value set by the government. This helps maintain transparency and fairness in property dealings.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that both parties are aware of their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Baskaran Street / Shivashanakaran Nagar?

The current guideline value for Baskaran Street / Shivashanakaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 761% over this period.

What is the land classification for this street?

Baskaran Street / Shivashanakaran Nagar is classified as Residential Class II Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,38,600.