Guideline Value for BARODA 2ND STREET

Baroda 2nd Street guideline value

The current guideline value of Baroda 2nd Street, located in Puliyur village under the Kodambakkam SRO, is Rs 7,100 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - II.

How the guideline value of Baroda 2nd Street has changed

The guideline value for Baroda 2nd Street has seen significant changes over the years. In 2002, the 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, reflecting 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, a remarkable 294% increase.

From 2012 to the current 2024 revision, the guideline value increased to Rs 7,100 per sq.ft, which is a 9% rise. Overall, from 2002 to 2024, the guideline value has increased by 514%. It is important to note that there are no figures available for the years 2017 and 2023 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Baroda 2nd Street's 2024 figure above this median.

• Baroda 1st 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 2nd 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, and the registration fee at 2% would be Rs 1,42,000, bringing the total charges to Rs 6,39,000. It is important to note that 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 details.

Which Sub Registrar Office covers Baroda 2nd Street?

The Sub Registrar Office that covers Baroda 2nd 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Baroda 2nd Street?

The current guideline value of Baroda 2nd 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, which is a total increase of 514%. Significant jumps occurred between 2007 and 2012, where the value rose by 294%.

What is the land classification for Baroda 2nd Street?

The land classification for Baroda 2nd Street is Residential Special Type - II.

Where can I find the Kodambakkam Sub Registrar Office?

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

How do stamp duty and registration fees work in Puliyur?

Stamp duty and registration fees in Puliyur are calculated based on the higher of the guideline value or the sale price of the property. The rates for these fees are set at 7% for stamp duty and 2% for the registration fee.