Guideline Value for BOJAKARA-1rd- ST

BOJAKARA-1rd- ST guideline value

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

How the guideline value of BOJAKARA-1rd- ST has changed

The guideline value for BOJAKARA-1rd- ST has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then followed by a decrease to Rs 670 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% back to Rs 1,000 per sq.ft. The most recent revision in 2024 maintained this value at Rs 1,000 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for BOJAKARA-1rd- ST in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,000 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are a total of 196 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value among these streets is Rs 750 per sq.ft, placing BOJAKARA-1rd- ST's 2024 figure above this median.

• BOJAKARA-2rd- ST: Rs 1,000 per sq.ft (2024)
• Bojakara Street: Rs 1,000 per sq.ft (2024)
• Bokkar St: Rs 750 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-1rd- ST

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers BOJAKARA-1rd- ST?

The Sub Registrar Office that covers BOJAKARA-1rd- ST is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

When registering a property, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value of BOJAKARA-1rd- ST?

The current guideline value of BOJAKARA-1rd- ST 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and remains at Rs 1,000 per sq.ft in 2024.

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

Other streets in Walajabad with similar guideline values include BOJAKARA-2rd- ST and Bojakara Street, both at Rs 1,000 per sq.ft in 2024.

What is the registration fee for property in BOJAKARA-1rd- ST?

The registration fee for property in BOJAKARA-1rd- ST is calculated based on the guideline value or the sale price, whichever is higher, with a standard fee of 2% of the guideline value.

Where can I find more information about the Sub Registrar Office?

You can find more information about the Sub Registrar Office covering BOJAKARA-1rd- ST, which is the Walajabad Sub Registrar Office, by visiting the provided link.