Guideline Value for BAJAAR ST (COMMERCIAL AREA)

Bajaar St (Commercial Area) guideline value

The current guideline value of Bajaar St (Commercial Area) is Rs 802 per sq.ft, effective from 1 July 2024. This street is located in Mukthapudupattu village, under the Avadi SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Bajaar St (Commercial Area) has changed

The guideline value for Bajaar St has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 600 per sq.ft. This was followed by a slight decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased marginally to Rs 400 per sq.ft, and then saw a significant rise to Rs 802 per sq.ft in the 2024 revision, marking an increase of 101% from the previous year.

There are no recorded figures for Bajaar St in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Mukthapudupattu

In Mukthapudupattu, there are 37 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 804 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing Bajaar St's current figure at this median.

• Arignar Anna Complex 1st Street & I.A.F. Road: Rs 802 per sq.ft (2024)
• Bharathi Nagar (Lay Out): Rs 804 per sq.ft (2024)
• Adhi Andhira St: Rs 802 per sq.ft (2024)
• Cross St: Rs 804 per sq.ft (2024)
• Defance Colony: Rs 802 per sq.ft (2024)
• Defance Enclave: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in Bajaar St (Commercial Area)

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, and the registration fee at 2% would be Rs 16,040, bringing the total cost for these fees to Rs 72,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajaar St (Commercial Area)?

The Sub Registrar Office that covers Bajaar St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Mukthapudupattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bajaar St?

The current guideline value of Bajaar St (Commercial Area) is Rs 802 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 802 per sq.ft in 2024, marking an overall increase of 34% over this period.

What are the other streets in Mukthapudupattu with similar guideline values?

Other streets in Mukthapudupattu under the Avadi SRO have guideline values ranging from Rs 800 to Rs 804 per sq.ft, with Bajaar St's value being equal to the median of Rs 802 per sq.ft.

What fees are associated with buying property in Bajaar St?

When buying property in Bajaar St, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bajaar St?

The Avadi Sub Registrar Office covers Bajaar St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.