Guideline Value for BAKTHVATCHALAM COLONY 26TH STREET

Bakthvatchalam Colony 26th Street guideline value

The current guideline value of Bakthvatchalam Colony 26th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Bakthvatchalam Colony 26th Street has changed

The guideline value for Bakthvatchalam Colony 26th Street has undergone 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. The 2012 revision saw a significant rise to Rs 2,500 per sq.ft, but this was followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the latest revision in 2024 has set it at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 466%. Notably, there is no figure available for the year 2002 in the register for this street.

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 value is Rs 2,700 per sq.ft, which aligns with the current guideline value of Bakthvatchalam Colony 26th Street.

• Bakthvatchalam Colony 25th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 27th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 24th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 28th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 23rd Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 29th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthvatchalam Colony 26th 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, making the total charges 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 26th Street?

The Bakthvatchalam Colony 26th 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 information.

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

The guideline value is a crucial factor in property transactions in Perambur. It serves as a reference point for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bakthvatchalam Colony 26th Street?

The current guideline value of Bakthvatchalam Colony 26th 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, with various revisions occurring in between.

What is the land classification for Bakthvatchalam Colony 26th Street?

The land classification for Bakthvatchalam Colony 26th Street is Residential Class III Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Bakthvatchalam Colony 26th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000.