Guideline Value for BOJAKARA STREET

Bojakara Street guideline value

The current guideline value of Bojakara Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village under the Walajabad SRO, classified as Residential Special Type - I.

How the guideline value of Bojakara Street has changed

Over the years, the guideline value of Bojakara Street has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the same figure applies for the 2024 revision, indicating no change between 2023 and 2024.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2007 revision to the 2024 revision is a substantial increase of 900%. It is important to note that the register has no figures for Bojakara Street for the years 2002 and 2003.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO carrying a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. Bojakara Street's 2024 guideline value of Rs 1,000 per sq.ft is above this median.

• BOJAKARA-2rd- ST: Rs 1,000 per sq.ft (2024)
• Bokkar St: Rs 750 per sq.ft (2024)
• BOJAKARA-1rd- ST: Rs 1,000 per sq.ft (2024)
• Bimaraja Muthali St: Rs 750 per sq.ft (2024)
• Bharathi Nagar: Rs 750 per sq.ft (2024)
• Chellaperumal Mudhali Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Bojakara Street

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bojakara Street?

The Sub Registrar Office that covers Bojakara Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable duties and fees. This ensures that the transaction is officially recognized and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Bojakara Street?

The current guideline value of Bojakara Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and remained at Rs 1,000 per sq.ft in both 2023 and 2024.

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

Other streets in Walajabad include BOJAKARA-2rd- ST and BOJAKARA-1rd- ST, both at Rs 1,000 per sq.ft, while Bokkar St, Bimaraja Muthali St, Bharathi Nagar, and Chellaperumal Mudhali Street are at Rs 750 per sq.ft.

What is the stamp duty rate for property in Bojakara Street?

The stamp duty rate for property in Bojakara Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.