Guideline Value for PERIYA COLONY BAJANAI EAST STREET 2ND LEFT CROSS STREET

Periya Colony Bajanai East Street 2nd Left Cross Street guideline value

The current guideline value for Periya Colony Bajanai East Street 2nd Left Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This property 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 2nd Left Cross Street has changed

Over the years, the guideline value for Periya Colony Bajanai East Street 2nd Left Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

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 2nd Left Cross Street is below this median.

• Periya Colony Bajanai East Street 1st Left Cross Street: Rs 1,100 per sq.ft (2024)
• Periya Colony Bajanai East Street 3 Feet Lane: Rs 1,100 per sq.ft (2024)
• Periya Colony 1st Cross Street: 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: 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 2nd 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 be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periya Colony Bajanai East Street 2nd Left Cross Street?

The Sub Registrar Office that covers Periya Colony Bajanai East Street 2nd 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 more information.

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

The guideline value is a crucial factor in property transactions in Manapakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration regulations. This value helps in understanding the costs involved in property transactions and aids in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Periya Colony Bajanai East Street 2nd Left Cross Street?

The current guideline value for Periya Colony Bajanai East Street 2nd 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, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024. This represents a 10% increase from 2023 to 2024 and a 49% increase from 2017 to 2023.

What is the land classification for this area?

The land classification for Periya Colony Bajanai East Street 2nd Left Cross Street is Residential Class V Type - III.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot, the guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for this street?

The Chennai South Joint I Sub Registrar Office handles registrations for Periya Colony Bajanai East Street 2nd Left Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.