Guideline Value for BAKTHVATCHALAM COLONY 13TH STREET

Bakthvatchalam Colony 13th Street guideline value

The current guideline value of Bakthvatchalam Colony 13th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Bakthvatchalam Colony 13th Street has changed

Over the years, the guideline value of Bakthvatchalam Colony 13th Street has seen several revisions. The earliest recorded value in the register is from 2003, at Rs 477 per sq.ft. This increased to Rs 500 per sq.ft in 2007, marking a 5% rise. The value then surged significantly to Rs 2,500 per sq.ft in 2012, a remarkable increase of 400%. However, it dropped to Rs 1,675 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft, showing an 8% increase from the previous year.

The guideline value register does not have a figure for Bakthvatchalam Colony 13th Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 466%.

Guideline values in Perambur

In Perambur village, there are a total of 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Bakthvatchalam Colony 13th Street.

• Bakthvatchalam Colony 12th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 14th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 11th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 15th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 10th 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 13th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, these fees total 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 the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Bakthvatchalam Colony 13th Street?

The Bakthvatchalam Colony 13th Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bakthvatchalam Colony 13th Street?

The current guideline value of Bakthvatchalam Colony 13th 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 this period.

What is the land classification for Bakthvatchalam Colony 13th Street?

The land classification for Bakthvatchalam Colony 13th Street is Residential Class III Type - II.

Where can I find information about stamp duty and registration fees?

You can find detailed information about stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Bakthvatchalam Colony 13th Street?

The Purasaivakkam Sub Registrar Office handles registrations for Bakthvatchalam Colony 13th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.