Guideline Value for BOGAR AVENUE

Bogar Avenue guideline value

The current guideline value of Bogar Avenue is Rs 2,730 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village, under the Selaiyur SRO, and is classified as Residential Class II Type - IV.

How the guideline value of Bogar Avenue has changed

The guideline value for Bogar Avenue has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased significantly to Rs 2,501 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 2,730 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Bogar Avenue's 2024 figure above this median.

• Bhuvaneswari Nagar: Rs 1,900 per sq.ft (2024)
• Casagrand Zenith Phase-I: Rs 3,200 per sq.ft (2024)
• Bharathi Nagar: Rs 2,700 per sq.ft (2024)
• Bharathiar Nagar: Rs 3,300 per sq.ft (2024)
• Bethel Nagar: Rs 1,650 per sq.ft (2024)
• Balaji Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bogar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,730 per sq.ft, the total guideline value amounts to Rs 27,30,000. The stamp duty at 7% would be Rs 1,91,100, and the registration fee at 2% would be Rs 54,600, bringing the total to Rs 2,45,700. Please note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your own fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bogar Avenue?

The Sub Registrar Office covering Bogar Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Vengaivasal. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

When buying or selling property, it is essential to be aware of the guideline value as it ensures compliance with local regulations and helps in the accurate assessment of taxes associated with the property transfer.

Frequently asked questions

What is the current guideline value of Bogar Avenue?

The current guideline value of Bogar Avenue is Rs 2,730 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,730 per sq.ft in 2024, which is an overall increase of 63%.

What is the land classification of Bogar Avenue?

Bogar Avenue is classified as Residential Class II Type - IV.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Bogar Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.