Guideline Value for BAKTHVATCHALAM COLONY 21ST STREET

Bakthvatchalam Colony 21st Street guideline value

The current guideline value of Bakthvatchalam Colony 21st 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 21st Street has changed

The guideline value for Bakthvatchalam Colony 21st Street has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% increase. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, representing an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 440%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a guideline value for 2024, 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 the same as the guideline value for Bakthvatchalam Colony 21st Street.

• Bakthvatchalam Colony 20th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 22nd Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 23rd Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 19th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 24th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthvatchalam Colony 21st 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, and the registration fee at 2% would be Rs 54,000, totaling 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 more detailed calculations.

Which Sub Registrar Office covers Bakthvatchalam Colony 21st Street?

The Sub Registrar Office that covers Bakthvatchalam Colony 21st 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 buying or selling property in Perambur. It is used to determine the stamp duty and registration fees that need to be paid during the property transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the duty will be charged based on the sale price, ensuring that the correct fees are paid to the authorities.

Frequently asked questions

What is the current guideline value of Bakthvatchalam Colony 21st Street?

The current guideline value of Bakthvatchalam Colony 21st 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, starting from Rs 500 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 440% over the years.

What is the stamp duty rate applicable in Bakthvatchalam Colony?

The stamp duty rate applicable in Bakthvatchalam Colony is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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

Other streets in Perambur with the same guideline value of Rs 2,700 per sq.ft include Bakthvatchalam Colony 20th Street, 22nd Street, 1st Street, 23rd Street, 19th Street, and 24th Street.