Guideline Value for Bhasyam Ayyankar Street

Bhasyam Ayyankar Street guideline value

The current guideline value of Bhasyam Ayyankar Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bhasyam Ayyankar Street has changed

Over the years, the guideline value of Bhasyam Ayyankar Street has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision marked a significant increase to Rs 167 per sq.ft, reflecting a 50% increase from the previous figure. However, the revisions for the years 2002, 2003, and 2007 show no figures recorded for this street.

As of the latest revision in 2024, the guideline value remains at Rs 250 per sq.ft, indicating a 0% change from the previous year. Overall, from 2012 to 2024, the guideline value has seen no net change, maintaining the same rate throughout this period.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, placing Bhasyam Ayyankar Street's 2024 figure below this median.

• Brindhavan Garden: Rs 1,875 per sq.ft (2024)
• City Lando Avenue: Rs 800 per sq.ft (2024)
• Devaraj Kulakarai Street: Rs 250 per sq.ft (2024)
• A.S.Nagar: Rs 800 per sq.ft (2024)
• A.R.K.Nagar: Rs 800 per sq.ft (2024)
• Dr. Ambedkar Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Bhasyam Ayyankar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Bhasyam Ayyankar Street?

The Sub Registrar Office covering Bhasyam Ayyankar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karasangal. 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 sold, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of ownership. This process helps maintain transparency and standardization in real estate transactions.

Frequently asked questions

What is the current guideline value of Bhasyam Ayyankar Street?

The current guideline value of Bhasyam Ayyankar Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since the 2012 revision, with no change from 2023 to 2024. It increased from Rs 167 per sq.ft in 2017, reflecting a 50% rise from the previous value.

What are the other streets in Karasangal with their guideline values?

Other streets in Karasangal include Brindhavan Garden at Rs 1,875 per sq.ft, City Lando Avenue at Rs 800 per sq.ft, and Devaraj Kulakarai Street at Rs 250 per sq.ft, among others.

What fees are associated with buying property on Bhasyam Ayyankar Street?

When buying property on Bhasyam Ayyankar Street, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 22,500.

Where can I find the Sub Registrar Office for Bhasyam Ayyankar Street?

The Sub Registrar Office for Bhasyam Ayyankar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.