Guideline Value for PERIYA COLONY BAJANAI EAST STREET 1ST LEFT CROSS STREET

Periya Colony Bajanai East Street 1st Left Cross Street guideline value

The current guideline value for Periya Colony Bajanai East Street 1st Left Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Periya Colony Bajanai East Street 1st Left Cross Street has changed

The guideline value for Periya Colony Bajanai East Street 1st Left Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. The 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest 2024 revision has further raised it to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10% from Rs 1,000 to Rs 1,100 per sq.ft.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 12,800 per sq.ft, with a median value of Rs 2,530 per sq.ft. The guideline value for Periya Colony Bajanai East Street 1st Left Cross Street is below this median.

• Periya Colony 1st Cross Street: Rs 1,100 per sq.ft (2024)
• Periya Colony Bajanai East Street 2nd Left Cross Street: Rs 1,100 per sq.ft (2024)
• Periya Colony: Rs 1,100 per sq.ft (2024)
• Periya Colony Bajanai East Street 3 Feet Lane: Rs 1,100 per sq.ft (2024)
• Periya Colony Bajanai East Street 3rd Left Cross Street: Rs 1,100 per sq.ft (2024)
• Periya Colony Bajanai East Street 4th Left Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Colony Bajanai East Street 1st Left Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations related to your property transactions.

Which Sub Registrar Office covers Periya Colony Bajanai East Street 1st Left Cross Street?

The Sub Registrar Office that covers Periya Colony Bajanai East Street 1st Left Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Periya Colony Bajanai East Street 1st Left Cross Street?

The current guideline value for Periya Colony Bajanai East Street 1st Left Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023, finally rising to Rs 1,100 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Periya Colony Bajanai East Street 1st Left Cross Street is Residential Class V Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Periya Colony Bajanai East Street 1st Left Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000.