Guideline Value for Baraniputhur Junction Salai

Baraniputhur Junction Salai guideline value

The current guideline value of Baraniputhur Junction Salai is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Periyapanancheri village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Baraniputhur Junction Salai has changed

The guideline value for Baraniputhur Junction Salai has seen several revisions over the years. The 2017 revision recorded a value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the value has increased by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. This lack of data indicates that the guideline value was either not revised or not documented during those years.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 990 to Rs 4,925 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the guideline value of Baraniputhur Junction Salai.

• Balakrishnan Street: Rs 990 per sq.ft (2024)
• Balakrishna Nagar: Rs 1,320 per sq.ft (2024)
• Cititbabu Street: Rs 990 per sq.ft (2024)
• Anna Street: Rs 2,200 per sq.ft (2024)
• Anandha Vinayagar Nagar: Rs 1,320 per sq.ft (2024)
• Ambetkar Street (ward 6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Baraniputhur Junction Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baraniputhur Junction Salai?

The Sub Registrar Office that covers Baraniputhur Junction Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyapanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately, reflecting the value of the property as per the official register. This helps in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Baraniputhur Junction Salai?

The current guideline value of Baraniputhur Junction Salai is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting a 64% increase overall. The most recent revision in 2024 saw a 10% increase from the previous year's value of Rs 1,200 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Baraniputhur Junction Salai?

The Pammal Sub Registrar Office handles the registration for Baraniputhur Junction Salai, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Baraniputhur Junction Salai?

The land classification for Baraniputhur Junction Salai is Residential Class II Type - I, indicating its suitability for residential development.