Guideline Value for BAJAR NAGAR 3RD STREET

Bajar Nagar 3rd Street guideline value

The current guideline value of Bajar Nagar 3rd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - II.

How the guideline value of Bajar Nagar 3rd Street has changed

The guideline value for Bajar Nagar 3rd Street has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the value saw a substantial increase of 79%. Overall, comparing the values from 2012 to 2024, there has been an increase of 32%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. Bajar Nagar 3rd Street's 2024 guideline value is below this median.

• Bajar Nagar 2nd Street: Rs 950 per sq.ft (2024)
• Bajar Nagar 4th Street: Rs 1,320 per sq.ft (2024)
• Bajar Nagar 1st Street: Rs 950 per sq.ft (2024)
• Bajar Nagar 5th Street: Rs 950 per sq.ft (2024)
• Bakthavachalapuram 1st Street: Rs 1,625 per sq.ft (2024)
• Bakthavachalapuram 2nd Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Bajar Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajar Nagar 3rd Street?

The Sub Registrar Office that covers Bajar Nagar 3rd Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the property registration process in Paruthipattu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Bajar Nagar 3rd Street?

The current guideline value of Bajar Nagar 3rd Street is Rs 1,320 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 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Bajar Nagar 3rd Street?

Bajar Nagar 3rd Street is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Bajar Nagar 3rd Street?

The Avadi Sub Registrar Office covers Bajar Nagar 3rd Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Bajar Nagar 3rd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400.