Guideline Value for BARODA 3RD STREET

Baroda 3rd Street guideline value

The current guideline value of Baroda 3rd Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Baroda 3rd Street has changed

The guideline value for Baroda 3rd Street has undergone several revisions 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 change of +10%. By 2007, the value rose significantly to Rs 1,650 per sq.ft, reflecting a +30% increase. The 2012 revision saw a substantial jump to Rs 6,500 per sq.ft, which is a +294% change from the previous figure.

The most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, indicating a +9% increase from the 2012 figure. It is important to note that there are no figures available for the years 2017 and 2023 in the register for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Baroda 3rd Street's 2024 figure above that median.

• Baroda 2nd Street: Rs 7,100 per sq.ft (2024)
• Baroda 4th Street: Rs 7,100 per sq.ft (2024)
• Baroda 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost would be Rs 6,39,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Baroda 3rd Street?

The Sub Registrar Office that covers Baroda 3rd 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 is a crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is in compliance with the regulations set by the local authorities. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Baroda 3rd Street?

The current guideline value of Baroda 3rd 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 changed from Rs 1,156 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, showing an overall increase of +514% over the years.

What is the land classification for Baroda 3rd Street?

Baroda 3rd Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the registration office for Baroda 3rd Street?

The Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, covers Baroda 3rd Street.

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at a guideline value of Rs 7,100 per sq.ft would incur a stamp duty of Rs 4,97,000.