Guideline Value for BAJAR NAGAR 5TH STREET

Bajar Nagar 5th Street guideline value

The current guideline value of Bajar Nagar 5th Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Bajar Nagar 5th Street has changed

The guideline value for Bajar Nagar 5th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft, reflecting a decrease of 33%. In 2023, the value increased to Rs 900 per sq.ft, and the latest revision in 2024 has raised it to Rs 950 per sq.ft, marking a 6% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the values from 2012 to 2024, there has been a slight increase of 6%, indicating that the value has returned to its 2012 level after fluctuations in the intervening years. 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. The median guideline value per sq.ft for the village is Rs 1,625, making the current value of Bajar Nagar 5th Street below the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajar Nagar 5th Street?

The Sub Registrar Office that covers Bajar Nagar 5th Street is the Avadi Sub Registrar Office. The address is 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 when buying or selling property in Paruthipattu, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Bajar Nagar 5th Street?

The current guideline value of Bajar Nagar 5th Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Bajar Nagar 5th Street?

The land classification for Bajar Nagar 5th Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Bajar Nagar 5th Street?

The Sub Registrar Office for Bajar Nagar 5th 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.

How is stamp duty calculated for properties in Bajar Nagar 5th Street?

Stamp duty for properties in Bajar Nagar 5th Street is calculated based on the higher of the guideline value or the sale price. For example, at the current guideline value of Rs 9,50,000, the stamp duty would be Rs 66,500 at 7%.