Guideline Value for BARODA 1ST STREET

Baroda 1st Street guideline value

The current guideline value of Baroda 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Baroda 1st Street has changed

The guideline value for Baroda 1st Street has seen significant changes over the years. In 2002, the guideline value was Rs 1,156 per sq.ft, which increased to Rs 1,270 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped to Rs 1,650 per sq.ft, representing a 30% increase from the previous revision. The most substantial change occurred between 2007 and 2012, where the value surged to Rs 6,500 per sq.ft, reflecting a remarkable 294% increase. The latest revision in 2024 set the guideline value at Rs 7,100 per sq.ft, which is a 9% increase from the 2012 figure.

The register does not contain figures for the years 2017 and 2023 for this street, indicating that there were no revisions recorded during those years.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value range from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Baroda 1st Street's guideline value above that median.

• Baroda 2nd Street: Rs 7,100 per sq.ft (2024)
• Baroda 3rd Street: Rs 7,100 per sq.ft (2024)
• Baroda 4th Street: Rs 7,100 per sq.ft (2024)
• Baroda 5th Street: Rs 7,100 per sq.ft (2024)
• Baroda Street: Rs 7,100 per sq.ft (2024)
• Baroda Street Extension: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Baroda 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000, bringing the total cost for these fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baroda 1st Street?

The Sub Registrar Office that covers Baroda 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to accurately calculate the costs involved in the transaction.

When a property is sold, the guideline value is referenced to ascertain the minimum value for which the property can be registered. This ensures that the property is not undervalued, and the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Baroda 1st Street?

The current guideline value of Baroda 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,156 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 514%.

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

Other streets in Puliyur with the same guideline value of Rs 7,100 per sq.ft include Baroda 2nd Street, Baroda 3rd Street, Baroda 4th Street, Baroda 5th Street, Baroda Street, and Baroda Street Extension.

What fees are associated with buying property in Baroda 1st Street?

When buying property in Baroda 1st Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Baroda 1st Street?

The Sub Registrar Office for Baroda 1st Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.