Guideline Value for BARODA STREET

Baroda Street guideline value

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

How the guideline value of Baroda Street has changed

The guideline value for Baroda 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. This was followed by a substantial increase to Rs 2,405 per sq.ft in 2007, representing an 89% jump. The value continued to rise, reaching Rs 6,500 per sq.ft in 2012, a remarkable 170% increase from the previous revision.

The most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, reflecting a 9% increase from 2012. Overall, from 2002 to 2024, the guideline value has surged by 514%. It is worth noting that the register has no figures 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 is Rs 5,800 per sq.ft, positioning Baroda Street's 2024 figure above this median.

• Baroda Street Extension: 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

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, charged at 7%, amounts to Rs 4,97,000, while the registration fee at 2% totals Rs 1,42,000. Together, the total fees would be 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baroda Street?

The Sub Registrar Office that covers Baroda 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 in property transactions in Puliyur. It is used to determine the stamp duty and registration fees payable when buying or selling property. The guideline value serves as a benchmark for the minimum value at which a property can be registered.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Baroda Street?

The current guideline value of Baroda 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 significantly 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 that share the same guideline value of Rs 7,100 per sq.ft include Baroda Street Extension, Baroda 5th Street, Baroda 4th Street, Baroda 3rd Street, Baroda 2nd Street, and Baroda 1st Street.

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 the stamp duty calculated for property transactions in Baroda Street?

The stamp duty for property transactions is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.