Guideline Value for Hussian Basha Cross Street

Hussian Basha Cross Street guideline value

The current guideline value of Hussian Basha Cross Street is Rs 3,850 per sq.ft. This street is located in Issa Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Hussian Basha Cross Street has changed

Over the years, the guideline value of Hussian Basha Cross Street has seen significant changes. The earliest recorded figure is from 2003, at Rs 205 per sq.ft. This value increased to Rs 400 per sq.ft in 2007, marking a substantial rise of 95%. In 2012, the guideline value was Rs 3,500 per sq.ft, which was a dramatic increase of 775% from the previous revision. However, this figure dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 3,500 per sq.ft in 2023, followed by the current figure of Rs 3,850 per sq.ft effective from 1 July 2024, representing a 10% increase from the previous year.

It is important to note that there is no registered figure for Hussian Basha Cross Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 1778%.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Hussian Basha Cross Street's 2024 figure is above this median.

• Hussian Basha 2ND Cross Street: Rs 3,850 per sq.ft (2024)
• Hussian Basha Street: Rs 3,850 per sq.ft (2024)
• Hussian Basha 1ST Cross Street: Rs 3,850 per sq.ft (2024)
• I.H.F.D. Colony: Rs 4,950 per sq.ft (2024)
• Hemanatha Pillai Avenue Ramlingar Street: Rs 3,850 per sq.ft (2024)
• Hemanathapillai Avenue 1: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hussian Basha Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost to Rs 3,46,500. 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 Hussian Basha Cross Street?

The Sub Registrar Office that covers Hussian Basha Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Issa Pallavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately according to the prevailing rates set by the government.

Frequently asked questions

What is the current guideline value of Hussian Basha Cross Street?

The current guideline value of Hussian Basha Cross Street is Rs 3,850 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 205 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 1778% over the years.

What is the land classification for Hussian Basha Cross Street?

Hussian Basha Cross Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Hussian Basha Cross Street?

The Sub Registrar Office for Hussian Basha Cross Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Hussian Basha Cross Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at 7%.