Guideline Value for BAZZAR SALAI (T.H. ROAD)

Bazzar Salai (T.H. Road) guideline value

The current guideline value of Bazzar Salai (T.H. Road) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO, and it is classified as Residential Special Type - I.

How the guideline value of Bazzar Salai (T.H. Road) has changed

The guideline value for Bazzar Salai (T.H. Road) has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value stood at Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the value increase to Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value in this area is Rs 550 per sq.ft, which means that Bazzar Salai (T.H. Road) is above this median.

• B.D.O.Aps Bakthavachalam Salai: Rs 550 per sq.ft (2024)
• Best & Crompton Nagar: Rs 550 per sq.ft (2024)
• Bharathi Nagar: Rs 440 per sq.ft (2024)
• Bhavani Eswari Nagar: Rs 550 per sq.ft (2024)
• Balaji Nagar: Rs 550 per sq.ft (2024)
• Bakthavatchalam Salai: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bazzar Salai (T.H. Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. 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 detailed calculations.

Which Sub Registrar Office covers Bazzar Salai (T.H. Road)?

The Sub Registrar Office that covers Bazzar Salai (T.H. Road) is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of registration. Buyers should ensure that they are informed about the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bazzar Salai (T.H. Road)?

The current guideline value of Bazzar Salai (T.H. Road) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024. This represents an overall increase of 64% over the seven-year period.

What are the stamp duty and registration fees for property in Bazzar Salai?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations for Bazzar Salai?

The Ponneri Sub Registrar Office handles property registrations for Bazzar Salai (T.H. Road), located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the median guideline value in Minjur?

The median guideline value in Minjur is Rs 550 per sq.ft. Bazzar Salai (T.H. Road) has a guideline value above this median, currently set at Rs 1,320 per sq.ft.