Guideline Value for BARODA 4TH STREET

Baroda 4th Street guideline value

The current guideline value of Baroda 4th 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 it falls under the Residential Special Type - II land classification.

How the guideline value of Baroda 4th Street has changed

The guideline value for Baroda 4th 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. The value further increased to Rs 1,650 per sq.ft in 2007, reflecting a 30% change. The 2012 revision brought a substantial jump to Rs 6,500 per sq.ft, which was a 294% increase from the previous figure. The most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, representing a 9% increase from 2012.

It is important to note that the register has no figures for the years 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 514%.

Guideline values in Puliyur

In Puliyur village, 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, with a median value of Rs 5,800 per sq.ft. Baroda 4th Street's 2024 guideline value of Rs 7,100 per sq.ft is above this median.

• Baroda 3rd Street: Rs 7,100 per sq.ft (2024)
• Baroda 5th Street: Rs 7,100 per sq.ft (2024)
• Baroda 2nd Street: Rs 7,100 per sq.ft (2024)
• Baroda 1st 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 4th 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, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baroda 4th Street?

The Sub Registrar Office that covers Baroda 4th 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 details.

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

When buying or selling property in Puliyur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is the minimum value set by the government for property transactions, and it is used to calculate the applicable taxes during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall costs involved in property transactions. The guideline value ensures that the property is registered at a fair value, which helps in maintaining transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Baroda 4th Street?

The current guideline value of Baroda 4th 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 significantly 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 4th Street?

Baroda 4th Street falls under the Residential Special Type - II land classification.

Where is the Kodambakkam Sub Registrar Office located?

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

How is stamp duty calculated for property in Baroda 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 71,00,000, the stamp duty at 7% would be Rs 4,97,000.