Guideline Value for BAJAR STREET

Bajar Street guideline value

The current guideline value of Bajar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village under the Chengleput Joint II SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of Bajar Street has changed

The guideline value for Bajar Street has seen several revisions over the years. In 2012, the value was Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,000 per sq.ft in 2023, and further rose to Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The fluctuations in the guideline value reflect changes in the local real estate landscape.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, positioning Bajar Street's 2024 figure above this median.

• Balasubarayanar Street: Rs 2,200 per sq.ft (2024)
• Balasubramaniyan Street: Rs 2,200 per sq.ft (2024)
• Barathi Nagar: Rs 2,200 per sq.ft (2024)
• Anna Salai Ward-2: Rs 3,520 per sq.ft (2024)
• Anna Salai Ward-1: Rs 3,520 per sq.ft (2024)
• Anna Salai (A) High Road: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Bajar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 Street?

Bajar Street falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bajar Street?

The current guideline value of Bajar Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Bajar Street?

Bajar Street is classified as Mixed Special Type - II, which indicates its intended use and development potential.

What are the stamp duty and registration fees for properties in Bajar Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft property would incur a total of Rs 3,96,000 in fees based on the current guideline value.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for Bajar Street and surrounding areas.