Guideline Value for Baskaran Street, Gandhi Nagar Extn

Baskaran Street, Gandhi Nagar Extn guideline value

The current guideline value of Baskaran Street, Gandhi Nagar Extn is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of Baskaran Street, Gandhi Nagar Extn has changed

Since the 2017 revision, the guideline value has seen significant changes. The 2017 revision set the value at Rs 1,507 per sq.ft, which increased to Rs 2,250 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has further increased this value to Rs 2,475 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Baskaran Street, Gandhi Nagar Extn is above this median.

• Baskaran Street / Shivashanakaran Nagar: Rs 1,980 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)
• Balasubramani Street, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Bhakthavatchalam Street, Nagelkeni: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Baskaran Street, Gandhi Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for these fees to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baskaran Street, Gandhi Nagar Extn?

The Sub Registrar Office covering Baskaran Street, Gandhi Nagar Extn 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 an essential factor during the registration of property transactions in Pammal. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing property transactions.

When a property is sold, the guideline value serves as a reference point to ensure that the sale price reflects the current market conditions. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Baskaran Street, Gandhi Nagar Extn?

The current guideline value of Baskaran Street, Gandhi Nagar Extn is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,507 per sq.ft in 2017 to Rs 2,250 per sq.ft in 2023, and then to Rs 2,475 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the classification of land on Baskaran Street?

Baskaran Street is classified as Residential Class I Type - II, which indicates its designation for residential use within the Pammal area.

What are the stamp duty rates applicable for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Baskaran Street?

The Sub Registrar Office for Baskaran Street, Gandhi Nagar Extn is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about it online.