Guideline Value for PERIYA COLONY BAJANAI EAST STREET 3RD LEFT CROSS STREET

Periya Colony Bajanai East Street 3rd Left Cross Street guideline value

The current guideline value of Periya Colony Bajanai East Street 3rd Left Cross Street is Rs 1,100 per sq.ft. 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 3rd Left Cross Street has changed

The guideline value for Periya Colony Bajanai East Street 3rd Left Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from Rs 670 per sq.ft in 2017. In 2023, the value increased to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for this street for the years 2002, 2003, and 2007.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, indicating that the 2024 figure for Periya Colony Bajanai East Street 3rd Left Cross Street is below this median.

• Periya Colony Bajanai East Street 3 Feet Lane: Rs 1,100 per sq.ft (2024)
• Periya Colony Bajanai East Street 4th Left 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 Bajanai East Street 5th Left Cross Street: Rs 1,100 per sq.ft (2024)
• Periya Colony Bajanai East Street 1st Left Cross Street: Rs 1,100 per sq.ft (2024)
• Periya Colony Bajanai Koil Street 1st Right Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Colony Bajanai East Street 3rd 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 charges 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 our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Periya Colony Bajanai East Street 3rd Left Cross Street?

The Sub Registrar Office that covers Periya Colony Bajanai East Street 3rd 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, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Manapakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, ensuring compliance with local regulations.

It is crucial for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. The registration process will require payment of fees based on this value, making it a significant consideration in any property deal.

Frequently asked questions

What is the current guideline value for Periya Colony Bajanai East Street 3rd Left Cross Street?

The current guideline value for Periya Colony Bajanai East Street 3rd 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 2023 to Rs 1,100 per sq.ft in 2024, a 10% increase. It was Rs 670 per sq.ft in 2017, which saw a 49% increase to Rs 1,000 per sq.ft in 2023.

What is the land classification for this street?

The land classification for Periya Colony Bajanai East Street 3rd Left Cross Street is Residential Class V Type - III.

Where can I find the registration office for this area?

The registration office for Periya Colony Bajanai East Street 3rd 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 stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the guideline value is Rs 11,00,000, resulting in a stamp duty of Rs 77,000 at 7%.