Guideline Value for BAJAR VEETHI

Bajar Veethi guideline value

The current guideline value of Bajar Veethi is Rs 450 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur - A under the Cheyyur SRO, classified as Residential Special Type - I.

How the guideline value of Bajar Veethi has changed

The guideline value for Bajar Veethi has seen several revisions over the years. The most recent figures are Rs 450 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision set the value at Rs 301 per sq.ft, marking a significant increase of 50% from 2017 to 2023, and an overall increase of 50% from 2017 to 2024.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Bajar Veethi. Therefore, the guideline value remained unchanged at Rs 450 per sq.ft from 2023 to 2024, indicating stability in the recent revisions.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 101 per sq.ft, placing Bajar Veethi's value above this median.

• Bajanakoil Street: Rs 102 per sq.ft (2024)
• Bajanai Koil Street: Rs 101 per sq.ft (2024)
• Arunthathiyar Colony: Rs 100 per sq.ft (2024)
• Anthoniyar Kovil Street: Rs 350 per sq.ft (2024)
• CHELLIYAMMAN KOVIL 1st STREET: Rs 101 per sq.ft (2024)
• CHELLIYAMMAN KOVIL 2nd STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Bajar Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty, calculated at 7%, amounts to Rs 31,500, while the registration fee at 2% is Rs 9,000. Therefore, the total cost for stamp duty and registration fees would be Rs 40,500. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajar Veethi?

The Sub Registrar Office that covers Bajar Veethi is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a critical factor during the registration of property transactions in Cheyyur - A. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Bajar Veethi?

The current guideline value of Bajar Veethi is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bajar Veethi has remained at Rs 450 per sq.ft from 2023 to 2024, with a previous value of Rs 301 per sq.ft in 2017, reflecting a 50% increase over this period.

What is the land classification for Bajar Veethi?

Bajar Veethi is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the Sub Registrar Office for Bajar Veethi?

The Sub Registrar Office for Bajar Veethi is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is the stamp duty calculated for property in Bajar Veethi?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500.