Guideline Value for BAZZAR STREET

Bazzar Street guideline value

The current guideline value of Bazzar Street in Ammayarkuppam village is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Bazzar Street has changed

The guideline value for Bazzar Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 260 per sq.ft in 2012. However, it then dropped to Rs 174 per sq.ft in 2017. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 260 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that the register has no figures for Bazzar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 30%.

Guideline values in Ammayarkuppam

Ammayarkuppam has a total of 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, which matches the guideline value of Bazzar Street.

• Beeranji St: Rs 241 per sq.ft (2024)
• Balapuram Selum Road: Rs 150 per sq.ft (2024)
• Bajanai Koil St: Rs 241 per sq.ft (2024)
• Araneri Tamizh Sanga Street: Rs 260 per sq.ft (2024)
• Anna Nagar St: Rs 241 per sq.ft (2024)
• Gandapuram Selum ST: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Bazzar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value would be Rs 2,60,000. The stamp duty at 7% would amount to Rs 18,200, while the registration fee at 2% would be Rs 5,200, making the total charges together Rs 23,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bazzar Street?

The Bazzar Street falls under the jurisdiction of the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Ammayarkuppam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the property registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official registry. It is essential for both buyers and sellers to understand this value to comply with legal requirements during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Bazzar Street?

The current guideline value of Bazzar Street is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then dropped to Rs 174 per sq.ft in 2017. It increased to Rs 260 per sq.ft in both 2023 and 2024.

What is the median guideline value in Ammayarkuppam?

The median guideline value in Ammayarkuppam is Rs 260 per sq.ft, which is the same as the guideline value for Bazzar Street.

What are the stamp duty and registration fees for Bazzar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,60,000. The stamp duty would be Rs 18,200, and the registration fee would be Rs 5,200, totaling Rs 23,400.

Which office handles registrations for Bazzar Street?

The Ramakrishna Rajupettai Sub Registrar Office handles registrations for Bazzar Street, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.