Guideline Value for PERIYA COLONY BAJANAI KOIL STREET 5TH RIGHT CROSS STREET

Periya Colony Bajanai Koil Street 5th Right Cross Street guideline value

The current guideline value for Periya Colony Bajanai Koil Street 5th 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 5th Right Cross Street has changed

The guideline value for Periya Colony Bajanai Koil Street 5th Right Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017, which was a 33% drop. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,000 per sq.ft. The latest revision in 2024 set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has seen a 10% increase, reflecting the changes in the local real estate landscape.

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 in this area is Rs 2,530 per sq.ft, indicating that the guideline value for Periya Colony Bajanai Koil Street 5th Right Cross Street is below this median.

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

Stamp duty and registration fee for property in Periya Colony Bajanai Koil Street 5th 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, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees 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 also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Periya Colony Bajanai Koil Street 5th Right Cross Street?

The Sub Registrar Office that covers Periya Colony Bajanai Koil Street 5th 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, Chennai registration zone. 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 when buying or selling property in Manapakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the true value of the property. Buyers and sellers must be aware of these values to ensure compliance with local regulations and to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value for Periya Colony Bajanai Koil Street 5th Right Cross Street?

The current guideline value for Periya Colony Bajanai Koil Street 5th 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 back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Periya Colony Bajanai Koil Street 5th Right Cross Street is Residential Class V Type - III.

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

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office located?

The Sub Registrar Office covering this street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.