Guideline Value for PERIYA COLONY BAJANAI KOIL STREET 6TH RIGHT CROSS STREET

Periya Colony Bajanai Koil Street 6th Right Cross Street guideline value

The current guideline value of Periya Colony Bajanai Koil Street 6th 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 6th Right Cross Street has changed

The guideline value for Periya Colony Bajanai Koil Street 6th Right Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. This figure remained the same until the next revision in 2017, where it decreased to Rs 670 per sq.ft, reflecting a change of -33%. In 2023, the value increased to Rs 1,000 per sq.ft, and in 2024, it further increased to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

Between 2017 and 2023, the guideline value saw a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft, with a median value of Rs 2,530 per sq.ft. The guideline value for Periya Colony Bajanai Koil Street 6th Right Cross Street is below this median.

• Periya Colony Bajanai Koil Street 5th 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 4th 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 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 6th 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 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, resulting in a total of 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 detailed calculations.

Which Sub Registrar Office covers Periya Colony Bajanai Koil Street 6th Right Cross Street?

The Sub Registrar Office that covers Periya Colony Bajanai Koil Street 6th 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.

To find your SRO, you can visit the provided link.

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

The guideline value is a crucial 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 buyer must ensure that the sale price meets or exceeds the guideline value, as the duty is charged on the higher of the two. This ensures that the transaction is compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Periya Colony Bajanai Koil Street 6th Right Cross Street?

The current guideline value for Periya Colony Bajanai Koil Street 6th 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 is the land classification for this street?

The land classification for Periya Colony Bajanai Koil Street 6th Right Cross Street is Residential Class V Type - III.

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

The Sub Registrar Office for Periya Colony Bajanai Koil Street 6th 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 properties in this area?

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