Guideline Value for BARODA STREET EXTENSION

Baroda Street Extension guideline value

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

How the guideline value of Baroda Street Extension has changed

The guideline value for Baroda Street Extension 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 2012 revision saw a substantial leap to Rs 6,500 per sq.ft, which was a remarkable 294% increase from 2007. The latest revision in 2024 sets the value at Rs 7,100 per sq.ft, a 9% increase from 2012.

It is important to note that there are no figures available for the revisions in 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 guideline value for 2024, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, indicating that Baroda Street Extension's 2024 figure is above this median.

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

Stamp duty and registration fee for property in Baroda Street Extension

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 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.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Baroda Street Extension?

The Sub Registrar Office that covers Baroda Street Extension 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 is a crucial factor when registering property transactions in Puliyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Baroda Street Extension?

The current guideline value of Baroda Street Extension 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 significantly from Rs 1,156 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 514% over the years.

What is the land classification of Baroda Street Extension?

Baroda Street Extension is classified as Residential Special Type - II under the Kodambakkam SRO.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Which office handles property registrations for Baroda Street Extension?

The Kodambakkam Sub Registrar Office is responsible for handling property registrations for Baroda Street Extension, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.