Guideline Value for BAZAAR STREET

Bazaar Street guideline value

The current guideline value of Bazaar Street in Podaturpet village, under the Pallipattu SRO, is Rs 300 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this street is Residential Special Type - III.

How the guideline value of Bazaar Street has changed

In the 2017 revision, the guideline value for Bazaar Street was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, representing a 49% increase. The 2024 revision also maintains this value at Rs 300 per sq.ft, showing no change from the previous year.

The register has no figures for Bazaar Street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value is Rs 250 per sq.ft, placing Bazaar Street's 2024 figure above this median.

• Bharathiyar Nagar: Rs 200 per sq.ft (2024)
• Baggyammal Nagar: Rs 300 per sq.ft (2024)
• Dahrma Raja Koil Street: Rs 200 per sq.ft (2024)
• Annamalai Nagar: Rs 250 per sq.ft (2024)
• Dhandu Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Easu Nadhar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bazaar Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value is Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 further calculations.

Which Sub Registrar Office covers Bazaar Street?

The Sub Registrar Office that covers Bazaar Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial figure used during property registration in Podaturpet. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, it is important to be aware of the guideline value, as it affects the financial obligations associated with the transaction. Buyers and sellers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bazaar Street?

The current guideline value of Bazaar Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, with no change in 2024. Overall, this represents a 49% increase from 2017 to 2024.

What is the land classification for Bazaar Street?

The land classification for Bazaar Street is Residential Special Type - III.

Where can I find information about the Sub Registrar Office?

The Sub Registrar Office covering Bazaar Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find more information by visiting the appropriate link.

How is the stamp duty calculated for properties in Bazaar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000, leading to a stamp duty of Rs 21,000.