Guideline Value for BAKTHVATCHALAM COLONY 11TH STREET

Bakthvatchalam Colony 11th Street guideline value

The current guideline value of Bakthvatchalam Colony 11th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Bakthvatchalam Colony 11th Street has changed

The guideline value for Bakthvatchalam Colony 11th Street has undergone several revisions over the years. The 2003 revision set the value at Rs 477 per sq.ft, which increased to Rs 500 per sq.ft in 2007. Following this, the value surged to Rs 2,500 per sq.ft in 2012, but dropped to Rs 1,675 per sq.ft in 2017. The 2023 revision raised it to Rs 2,500 per sq.ft, and the latest revision in 2024 has set it at Rs 2,700 per sq.ft.

Between the revisions, there have been notable changes. From 2003 to 2007, the value increased by 5%. However, from 2007 to 2012, it saw a significant rise of 400%. The value then decreased by 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023. The most recent change from 2023 to 2024 reflects an 8% increase. Overall, from 2003 to 2024, the guideline value has increased by 466%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, making the 2024 guideline value of Bakthvatchalam Colony 11th Street equal to this median.

• Bakthvatchalam Colony 10th 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 11th 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 details.

Which Sub Registrar Office covers Bakthvatchalam Colony 11th Street?

The Sub Registrar Office that covers Bakthvatchalam Colony 11th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Bakthvatchalam Colony 11th Street?

The current guideline value of Bakthvatchalam Colony 11th 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, reflecting an overall increase of 466% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, which is the same as the current value for Bakthvatchalam Colony 11th Street.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Where can I find the Sub Registrar Office for Bakthvatchalam Colony 11th Street?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Bakthvatchalam Colony 11th Street.