Guideline Value for BAJAR NAGAR 4TH STREET

Bajar Nagar 4th Street guideline value

The current guideline value of Bajar Nagar 4th 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 4th Street has changed

The guideline value for Bajar Nagar 4th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,320 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the changes in guideline value are as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 79%. The transition from 2023 to 2024 saw a rise of 10%. Overall, from 2012 to 2024, the guideline value increased by 32%.

Guideline values in Paruthipattu

In Paruthipattu village, 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. The median value is Rs 1,625 per sq.ft, placing Bajar Nagar 4th Street's 2024 figure below this median.

• Bajar Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Bajar Nagar 5th Street: Rs 950 per sq.ft (2024)
• Bajar Nagar 2nd Street: Rs 950 per sq.ft (2024)
• Bajar Nagar 1st 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration fee would be Rs 1,18,800. It is important to note that 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 Bajar Nagar 4th Street?

The Sub Registrar Office that covers Bajar Nagar 4th 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 crucial factor in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining 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 a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are mandatory for completing the registration process. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Bajar Nagar 4th Street?

The current guideline value of Bajar Nagar 4th 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 4th Street?

Bajar Nagar 4th Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for a property in Bajar Nagar 4th Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office located for Bajar Nagar 4th Street?

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