Guideline Value for Baskaran Street

Baskaran Street guideline value

The current guideline value of Baskaran Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Baskaran Street has changed

The guideline value for Baskaran Street has seen several changes over the years. In the 2007 revision, the value was Rs 1,210 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a rise of 272%. However, in the 2017 revision, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The value then increased to Rs 4,500 per sq.ft in the 2023 revision, and subsequently rose to Rs 4,900 per sq.ft in the 2024 revision, reflecting a 9% increase.

Notably, the guideline value for Baskaran Street has increased by 305% from the 2007 revision to the current 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which is equal to the guideline value of Baskaran Street.

• Bank of India Colony: Rs 7,000 per sq.ft (2024)
• Bank of Baroda Colony: Rs 7,600 per sq.ft (2024)
• Balasubramaniam Street (Sunday Observer): Rs 4,900 per sq.ft (2024)
• Balasubramaniam Street (JPT) VOC Block: Rs 4,100 per sq.ft (2024)
• Bharath Colony: Rs 5,500 per sq.ft (2024)
• Bharathi 1st Cross Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Baskaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty, charged at 7%, would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Baskaran Street?

The Sub Registrar Office that covers Baskaran Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is taken into account to ensure that the appropriate fees are calculated based on the value of the property. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Baskaran Street?

The current guideline value of Baskaran Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 305% over the years.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 49,00,000, the total fees would amount to Rs 4,41,000.

Which Sub Registrar Office covers Baskaran Street?

The Ashok Nagar Sub Registrar Office covers Baskaran Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Baskaran Street?

The land classification for Baskaran Street is Residential Class III Type - II, indicating its suitability for residential purposes.