Guideline Value for BAKTHVATCHALAM COLONY MOSQUE STREET

Bakthvatchalam Colony Mosque Street guideline value

The current guideline value of Bakthvatchalam Colony Mosque 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 Mosque Street has changed

The guideline value for Bakthvatchalam Colony Mosque Street has seen several revisions over the years. The earliest available figure is from the 2007 revision, which set the value at Rs 500 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, representing a 400% increase. However, in the 2017 revision, the value dropped to Rs 1,675 per sq.ft, marking a decrease of 33%. The value then rose to Rs 2,500 per sq.ft in the 2023 revision, and currently stands at Rs 2,700 per sq.ft following the 2024 revision, indicating an 8% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 440%.

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 is equal to the current guideline value of Bakthvatchalam Colony Mosque Street.

• Bakthvatchalam Colony 9th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Karimedu Colony: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 8th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 7th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 6th Street: Rs 2,700 per sq.ft (2024)
• Bakthvatchalam Colony 5th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthvatchalam Colony Mosque 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 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 detailed calculations.

Which Sub Registrar Office covers Bakthvatchalam Colony Mosque Street?

The Sub Registrar Office that covers Bakthvatchalam Colony Mosque 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 in property transactions in Perambur, as it determines the minimum value at which properties can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall costs associated with property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Bakthvatchalam Colony Mosque Street?

The current guideline value of Bakthvatchalam Colony Mosque 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 increased from Rs 500 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 440% over this period.

What is the land classification for Bakthvatchalam Colony Mosque Street?

Bakthvatchalam Colony Mosque Street falls under the Residential Class III Type - II land classification.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 27,00,000, leading to a total fee of Rs 2,43,000.