Guideline Value for B.K. Rajiv Town

B.K. Rajiv Town guideline value

The current guideline value of B.K. Rajiv Town is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Vallam_B village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

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

The guideline value of B.K. Rajiv Town has seen several revisions over the years. From the 2017 revision, the value was Rs 134 per sq.ft, which increased to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 49% from 2017 to 2023. The 2024 revision shows no change from the previous year, maintaining the value at Rs 200 per sq.ft.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. B.K. Rajiv Town's guideline value is below this median.

• Casa Grande: Rs 600 per sq.ft (2024)
• Chandran Nagar: Rs 600 per sq.ft (2024)
• Balaji Nagar: Rs 400 per sq.ft (2024)
• Deepalaxmi Nagar: Rs 400 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Dream Park Greenland: Rs 400 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 amounts to Rs 2,00,000. The stamp duty is charged at 7%, which totals Rs 14,000, and the registration fee at 2% amounts to Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers B.K. Rajiv Town is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallam_B. 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 registered, the guideline value is considered along with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process adheres to legal requirements.

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 much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 134 per sq.ft to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking a total increase of 49% overall from 2017 to 2024.

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

B.K. Rajiv Town is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft, the stamp duty would be Rs 14,000.

Where can I find the Sub Registrar Office for B.K. Rajiv Town?

The Sub Registrar Office for B.K. Rajiv Town is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.