Guideline Value for PERIYA COLONY BAJANAI KOIL STREET 3RD RIGHT CROSS STREET

Periya Colony Bajanai Koil Street 3rd Right Cross Street guideline value

The current guideline value of Periya Colony Bajanai Koil Street 3rd Right 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 Koil Street 3rd Right Cross Street has changed

Looking at the revisions, the guideline value for Periya Colony Bajanai Koil Street 3rd Right Cross Street has seen several changes over the years. 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 value increased to Rs 1,000 per sq.ft in the 2023 revision, and finally, it has risen to Rs 1,100 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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. The median guideline value for the area is Rs 2,530 per sq.ft, indicating that Periya Colony Bajanai Koil Street 3rd Right Cross Street's 2024 figure is below this median.

• Periya Colony Bajanai Koil Street 2nd Right Cross Street: Rs 1,100 per sq.ft (2024)
• Periya Colony Bajanai Koil Street 4th Right 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)
• Periya Colony Bajanai Koil Street 5th Right 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 Koil Street 6th Right Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Colony Bajanai Koil Street 3rd Right 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, while 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 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 Koil Street 3rd Right Cross Street?

The Sub Registrar Office that covers Periya Colony Bajanai Koil Street 3rd Right 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 plays a crucial role in property transactions in Manapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid during the registration process. This ensures that the fees are calculated based on a standardized value set by the government.

It is important for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Understanding the guideline value can help you better prepare for the expenses involved in property registration.

Frequently asked questions

What is the current guideline value for Periya Colony Bajanai Koil Street 3rd Right Cross Street?

The current guideline value for Periya Colony Bajanai Koil Street 3rd Right 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 increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the other streets in Manapakkam with the same guideline value?

Other streets in Manapakkam with the same guideline value of Rs 1,100 per sq.ft in 2024 include Periya Colony Bajanai Koil Street 2nd Right Cross Street, 4th Right Cross Street, 1st Right Cross Street, 5th Right Cross Street, and 6th Right Cross Street.

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

The Sub Registrar Office for Periya Colony Bajanai Koil Street 3rd Right Cross Street is 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 property transactions?

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