Guideline Value for Baroda Colony, Sakthi Nagar Extn,

Baroda Colony, Sakthi Nagar Extn, guideline value

The current guideline value of Baroda Colony, Sakthi Nagar Extn, is Rs 2,200 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Madipakkam-1 village and is classified as Residential Class II Type - I. The guideline value is an important reference for property transactions in this locality.

How the guideline value of Baroda Colony, Sakthi Nagar Extn, has changed

The guideline value register for Baroda Colony, Sakthi Nagar Extn, shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

Since there are no figures available for the previous revisions, it is clear that the 2024 revision is the first documented guideline value for this street. Consequently, there have been no changes between any revisions for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Baroda Colony, Sakthi Nagar Extn, has a guideline value below this median.

• Baroda Colony (Bank of Barodo Colony): Rs 2,200 per sq.ft (2024)
• Baroda Colony W.D. Krishnamoorthy Nagar: Rs 2,200 per sq.ft (2024)
• Barathidasar Salai 3rd Street: Rs 2,200 per sq.ft (2024)
• Barathidasar Salai 2nd Street: Rs 2,200 per sq.ft (2024)
• Barathidasar Salai 1st Street: Rs 2,200 per sq.ft (2024)
• Barathidasar Salai: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Baroda Colony, Sakthi Nagar Extn,

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Colony, Sakthi Nagar Extn,?

The Sub Registrar Office that covers Baroda Colony, Sakthi Nagar Extn, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Madipakkam-1, it is essential to consider the guideline value to ensure compliance with registration requirements.

Additionally, the stamp duty and registration fees are calculated based on the guideline value. Buyers should be aware of these costs to budget accordingly during the transaction process.

Frequently asked questions

What is the current guideline value of Baroda Colony, Sakthi Nagar Extn?

The current guideline value of Baroda Colony, Sakthi Nagar Extn, is Rs 2,200 per sq.ft, effective from 1 July 2024.

What revisions have been made to the guideline value for Baroda Colony?

There are no recorded figures for the guideline value of Baroda Colony for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision.

How does the guideline value compare to other streets in Madipakkam-1?

The guideline value of Baroda Colony, Sakthi Nagar Extn, is Rs 2,200 per sq.ft, which is below the median value of Rs 2,750 per sq.ft for other streets in Madipakkam-1.

What are the stamp duty and registration fees for property in Baroda Colony?

The stamp duty for a property valued at Rs 22,00,000 is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles registrations for properties in Baroda Colony, Sakthi Nagar Extn.