Guideline Value for BAZHAAR STREET

Bazhaar Street guideline value

The current guideline value of Bazhaar Street in Pudupet village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Special Type - III.

How the guideline value of Bazhaar Street has changed

In the 2017 revision, the guideline value for Bazhaar Street was Rs 335 per sq.ft. This figure increased significantly to Rs 600 per sq.ft in the 2023 revision, marking a change of 79%. The 2024 revision maintained the same guideline value of Rs 600 per sq.ft, resulting in no percentage change from the previous year.

The register has no figures for Bazhaar Street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 79%.

Guideline values in Pudupet

In Pudupet, there are 42 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value in this village is Rs 350 per sq.ft, placing Bazhaar Street's 2024 figure above that median.

• Bazeer Kelandaistreet: Rs 400 per sq.ft (2024)
• Beri Street: Rs 600 per sq.ft (2024)
• Beristreet Santhu: Rs 300 per sq.ft (2024)
• Braminar Street: Rs 350 per sq.ft (2024)
• Chittoor Road: Rs 600 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Bazhaar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. 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 more details.

Which Sub Registrar Office covers Bazhaar Street?

The Sub Registrar Office covering Bazhaar Street is 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 Pudupet

The guideline value is an essential factor in the registration process when buying or selling property in Pudupet. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps establish the minimum value for taxation purposes. This means that buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Bazhaar Street?

The current guideline value of Bazhaar Street is Rs 600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 79%, from Rs 335 per sq.ft to Rs 600 per sq.ft.

What are the other streets in Pudupet with their guideline values?

Other streets in Pudupet include Bazeer Kelandaistreet at Rs 400 per sq.ft, Beri Street at Rs 600 per sq.ft, and Anna Nagar at Rs 500 per sq.ft, among others.

What is the registration fee for property in Bazhaar Street?

The registration fee for property in Bazhaar Street is calculated based on the guideline value. For example, for a property valued at Rs 6,00,000, the registration fee would be Rs 12,000 at 2%.

Where is the Sub Registrar Office for Bazhaar Street located?

The Sub Registrar Office for Bazhaar Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.