Guideline Value for Baskaran Street / VOC Nagar

Baskaran Street / VOC Nagar guideline value

The current guideline value of Baskaran Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

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

The guideline value for Baskaran Street / VOC Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 185 per sq.ft, which increased to Rs 210 per sq.ft in 2003, marking a 14% rise. The value continued to grow, reaching Rs 360 per sq.ft in 2007, which was a 71% increase from the previous revision. By 2017, the guideline value had surged to Rs 1,675 per sq.ft, reflecting a remarkable 365% increase from 2007. The 2023 revision set the value at Rs 2,500 per sq.ft, a 49% rise from 2017.

The most recent revision in 2024 saw the guideline value increase to Rs 2,750 per sq.ft, a 10% increase from the previous year. It is worth noting that there is no figure for this street in the 2012 revision.

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 as of 2024. The median guideline value in this area is Rs 2,090 per sq.ft, placing Baskaran Street / VOC Nagar above this median.

• Baskaran Street / Shivashanakaran Nagar: Rs 1,980 per sq.ft (2024)
• Baskaran Street, Gandhi Nagar Extn: Rs 2,475 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 / VOC Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Baskaran Street / VOC Nagar?

The Sub Registrar Office covering Baskaran Street / VOC Nagar is 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Baskaran Street / VOC Nagar?

The current guideline value of Baskaran Street / VOC Nagar is Rs 2,750 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 185 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, an overall increase of 1386%.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,47,500.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the guideline value determined for properties in Pammal?

The guideline value is determined based on various factors including location, land classification, and historical revisions. It serves as a minimum benchmark for property registration in the area.