Guideline Value for BAKTHVATCHALAM COLONY 19TH STREET

Bakthvatchalam Colony 19th Street guideline value

The current guideline value of Bakthvatchalam Colony 19th 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 it falls under the Residential Class III Type - II land classification.

How the guideline value of Bakthvatchalam Colony 19th Street has changed

The guideline value for Bakthvatchalam Colony 19th Street has undergone several revisions over the years. The earliest recorded figure is from 2003 at Rs 477 per sq.ft, which increased to Rs 500 per sq.ft in 2007. The value saw a significant rise to Rs 2,500 per sq.ft in 2012, followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the most recent revision in 2024 increased it to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Between the revisions, there were notable changes: from 2003 to 2007, the value increased by 5%, then surged by 400% from 2007 to 2012. However, it dropped by 33% from 2012 to 2017. The jump from 2017 to 2023 was substantial, with a 49% increase, culminating in an overall rise of 466% from 2003 to 2024. 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 with a 2024 guideline value range from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, placing Bakthvatchalam Colony 19th Street at this median value.

• Bakthvatchalam Colony 18th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 17th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 20th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 16th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 21st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthvatchalam Colony 19th 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 at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bakthvatchalam Colony 19th Street?

The Sub Registrar Office that covers Bakthvatchalam Colony 19th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of these values to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Bakthvatchalam Colony 19th Street?

The current guideline value of Bakthvatchalam Colony 19th 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 significantly 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 stamp duty for property in Bakthvatchalam Colony 19th Street?

The stamp duty for property in Bakthvatchalam Colony 19th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bakthvatchalam Colony 19th Street located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Bakthvatchalam Colony 19th Street.

What are the other streets with the same guideline value in Perambur?

Other streets in Perambur with the same guideline value of Rs 2,700 per sq.ft include Bakthvatchalam Colony 1st Street, Bakthvatchalam Colony 16th Street, Bakthvatchalam Colony 17th Street, Bakthvatchalam Colony 18th Street, Bakthvatchalam Colony 20th Street, and Bakthvatchalam Colony 21st Street.