Guideline Value for B.K. Rajiv Town

B.K. Rajiv Town guideline value

The current guideline value of B.K. Rajiv Town in Vallam village is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of B.K. Rajiv Town has changed

The guideline value for B.K. Rajiv Town has seen several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 60 per sq.ft. This increased to Rs 200 per sq.ft in 2012, representing a significant rise of 233%. However, it decreased to Rs 134 per sq.ft in 2017, marking a decline of 33%. The value then increased again to Rs 200 per sq.ft in 2023, and remained unchanged at this rate in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 233%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the current guideline value of B.K. Rajiv Town.

• Chandran Nagar: Rs 600 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Gayathiri Nagar: Rs 200 per sq.ft (2024)
• Alliance villa Belvedere: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in B.K. Rajiv Town

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.K. Rajiv Town?

B.K. Rajiv Town is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of B.K. Rajiv Town?

The current guideline value of B.K. Rajiv Town is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 200 per sq.ft in 2024, unchanged from 2023. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification of B.K. Rajiv Town?

B.K. Rajiv Town is classified as Residential Class III Type - I, which indicates its zoning for residential purposes.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in B.K. Rajiv Town?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,000.