Guideline Value for BAKTHVATCHALAM COLONY 5TH STREET

Bakthvatchalam Colony 5th Street guideline value

The current guideline value of Bakthvatchalam Colony 5th Street is Rs 2,700 per sq.ft. This street is located in Perambur village under the Purasaivakkam SRO, with a land classification of Residential Class III Type - II.

How the guideline value of Bakthvatchalam Colony 5th Street has changed

The guideline value for Bakthvatchalam Colony 5th Street has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 477 per sq.ft. In 2007, this value increased significantly to Rs 500 per sq.ft, marking a 5% rise. The 2012 revision saw a substantial jump to Rs 2,500 per sq.ft, reflecting a 400% increase. However, the value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 2,500 per sq.ft, and the most recent revision in 2024 set the current guideline value at Rs 2,700 per sq.ft, representing an 8% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 466%. It is important to note that 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 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which aligns with the current figure for Bakthvatchalam Colony 5th Street.

• Bakthvatchalam Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 6th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 3rd Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 7th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 37th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthvatchalam Colony 5th 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 and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthvatchalam Colony 5th Street?

The Sub Registrar Office that covers Bakthvatchalam Colony 5th Street is 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 of property transactions in Perambur. It is used to determine the stamp duty and registration fees that buyers must pay, ensuring that these fees are based on the official valuation of the property rather than the sale price alone.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Bakthvatchalam Colony 5th Street?

The current guideline value of Bakthvatchalam Colony 5th 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, representing an overall increase of 466% over this period.

What are the stamp duty and registration fees for property in Bakthvatchalam Colony 5th Street?

The stamp duty for a property valued at Rs 27,00,000 would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office serves Bakthvatchalam Colony 5th Street?

The Purasaivakkam Sub Registrar Office serves Bakthvatchalam Colony 5th Street, located at 93/1, Bricklin Road, Otteri, Chennai-600 012.

What is the land classification for Bakthvatchalam Colony 5th Street?

The land classification for Bakthvatchalam Colony 5th Street is Residential Class III Type - II.