Guideline Value for BAKTHVATCHALAM COLONY 10TH STREET

Bakthvatchalam Colony 10th Street guideline value

The current guideline value of Bakthvatchalam Colony 10th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, with a land classification of Residential Class III Type - II.

How the guideline value of Bakthvatchalam Colony 10th Street has changed

The guideline value for Bakthvatchalam Colony 10th Street has seen several revisions over the years. In 2003, the value was Rs 477 per sq.ft, which increased to Rs 500 per sq.ft in 2007. A significant jump occurred in 2012 when the value rose to Rs 2,500 per sq.ft, but it then decreased to Rs 1,675 per sq.ft in 2017. The value increased again to Rs 2,500 per sq.ft in 2023, and it currently stands at Rs 2,700 per sq.ft as of the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 8%. The most notable change occurred from 2007 to 2012, where the value surged by 400%. Overall, from 2003 to 2024, the guideline value has increased by 466%. The register has no figure for this street in 2002.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current figure for Bakthvatchalam Colony 10th Street.

• Bakthvatchalam Colony 11th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 12th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 13th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 14th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 15th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 16th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthvatchalam Colony 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bakthvatchalam Colony 10th Street?

The Bakthvatchalam Colony 10th Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the higher of the sale price or the guideline value is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bakthvatchalam Colony 10th Street?

The current guideline value of Bakthvatchalam Colony 10th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 477 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024. The most significant increase occurred between 2007 and 2012, with a rise of 400%.

What is the registration office for Bakthvatchalam Colony 10th Street?

The registration office for Bakthvatchalam Colony 10th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the stamp duty rates for properties in Bakthvatchalam Colony 10th Street?

The stamp duty for properties in Bakthvatchalam Colony 10th Street is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find more information on stamp duty and registration fees?

You can find more information on stamp duty and registration fees using the stamp duty and registration fee calculator available on our site.