Guideline Value for PERIYA COLONY BAJANAI KOIL STREET 4TH RIGHT CROSS STREET

Periya Colony Bajanai Koil Street 4th Right Cross Street guideline value

The current guideline value for Periya Colony Bajanai Koil Street 4th 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 4th Right Cross Street has changed

The guideline value for this street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,000 per sq.ft. In 2017, this value decreased to Rs 670 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, representing a 49% rise. The latest revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. 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 value for these streets is Rs 2,530 per sq.ft, indicating that the guideline value for Periya Colony Bajanai Koil Street 4th Right Cross Street is below that median.

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

Stamp duty and registration fee for property in Periya Colony Bajanai Koil Street 4th Right 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 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 more detailed calculations.

Which Sub Registrar Office covers Periya Colony Bajanai Koil Street 4th Right Cross Street?

The Sub Registrar Office that covers Periya Colony Bajanai Koil Street 4th 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

When buying or selling property in Manapakkam, the guideline value is a critical factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the property is valued fairly in accordance with the established guidelines.

Frequently asked questions

What is the current guideline value of Periya Colony Bajanai Koil Street 4th Right Cross Street?

The current guideline value for Periya Colony Bajanai Koil Street 4th 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 stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 99,000, which includes Rs 77,000 for stamp duty and Rs 22,000 for registration fees.

Which office handles property registrations for this street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Periya Colony Bajanai Koil Street 4th Right Cross Street, located at Integrated Building for Offices of the Commercial Taxes and Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for this street?

The land classification for Periya Colony Bajanai Koil Street 4th Right Cross Street is Residential Class V Type - III.