Guideline Value for BAZAARSTREET

Bazaarstreet guideline value

The current guideline value of Bazaarstreet in Kodivalasa village is Rs 250 per sq.ft, effective from the 2024 revision. This area falls under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Bazaarstreet has changed

Over the years, the guideline value of Bazaarstreet has seen several revisions. The earliest recorded figure is from 2007, which was Rs 100 per sq.ft. This increased to Rs 250 per sq.ft in 2012, marking a significant rise of 150%. However, in 2017, the value decreased to Rs 167 per sq.ft, a reduction of 33%. The value then rose to Rs 250 per sq.ft in 2023 and remained the same in 2024, indicating no change between these two revisions. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2007 to 2024, the guideline value has risen by 150%, reflecting the changes in the market over the years.

Guideline values in Kodivalasa

In Kodivalasa, there are 17 streets under the Pallipattu SRO that have a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft, with a median value of Rs 200 per sq.ft. Bazaarstreet's 2024 figure is above this median, indicating a higher valuation compared to many other streets in the village.

• Balijastreet: Rs 250 per sq.ft (2024)
• Bharathinagar: Rs 200 per sq.ft (2024)
• Bigstreet: Rs 250 per sq.ft (2024)
• Annastreet (A)pushkranistreet: Rs 200 per sq.ft (2024)
• Gandhi Street: Rs 250 per sq.ft (2024)
• Kodivalasaroad: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Bazaarstreet

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bazaarstreet?

The Bazaarstreet area is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodivalasa, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Bazaarstreet?

The current guideline value of Bazaarstreet is Rs 250 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 100 per sq.ft to Rs 250 per sq.ft in 2012, decreased to Rs 167 per sq.ft in 2017, and then increased to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification of Bazaarstreet?

Bazaarstreet is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Bazaarstreet?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles property registrations for Bazaarstreet?

The Pallipattu Sub Registrar Office handles property registrations for Bazaarstreet, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.