Guideline Value for PERIYA COLONY BAJANAI EAST STREET 4TH LEFT CROSS STREET

Periya Colony Bajanai East Street 4th Left Cross Street guideline value

The current guideline value of Periya Colony Bajanai East Street 4th 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 4th Left Cross Street has changed

The guideline value for Periya Colony Bajanai East Street 4th 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 the 2017 revision, where the value was Rs 670 per sq.ft. The next revision in 2023 raised the value to Rs 1,000 per sq.ft, and the most recent revision in 2024 increased it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Looking at the overall changes, from 2012 to 2024, the guideline value has increased by 10%. Notably, the register has no figures 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, with guideline values ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, indicating that the 2024 figure for Periya Colony Bajanai East Street 4th Left Cross Street is below that median.

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

Stamp duty and registration fee for property in Periya Colony Bajanai East Street 4th Left Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to 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. It is important to note that 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 more details.

Which Sub Registrar Office covers Periya Colony Bajanai East Street 4th Left Cross Street?

The Sub Registrar Office that covers Periya Colony Bajanai East Street 4th 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 an essential factor in the registration process when buying or selling property in Manapakkam. 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 registration office uses the guideline value to ensure that the correct fees are applied. This value is crucial for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Periya Colony Bajanai East Street 4th Left Cross Street?

The current guideline value for Periya Colony Bajanai East Street 4th 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, reflecting a 10% increase. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012, showing significant fluctuations over the years.

What is the median guideline value in Manapakkam?

The median guideline value in Manapakkam is Rs 2,530 per sq.ft. The guideline value for Periya Colony Bajanai East Street 4th Left Cross Street is below this median.

What are the registration fees for property transactions in this area?

Registration fees are calculated based on 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 and a registration fee of Rs 22,000.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office covering Periya Colony Bajanai East Street 4th Left Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.