Guideline Value for BOJAKARA-2rd- ST

BOJAKARA-2rd- ST guideline value

The current guideline value of BOJAKARA-2rd- ST is Rs 1,000 per sq.ft. 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-2rd- ST has changed

The guideline value for BOJAKARA-2rd- ST has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased back to Rs 1,000 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no change from the previous year.

In terms of percentage changes, from the 2017 revision to the 2023 revision, there was an increase of 49%. However, from the 2012 revision to the 2017 revision, there was a decrease of 33%. Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with the 2024 guideline values 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-2rd- ST's 2024 figure above this median.

• BOJAKARA-1rd- 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-2rd- ST

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the 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, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers BOJAKARA-2rd- ST?

The Sub Registrar Office that covers BOJAKARA-2rd- ST is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Walajabad. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. 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 BOJAKARA-2rd- ST?

The current guideline value of BOJAKARA-2rd- 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 2024. The overall change from 2012 to 2024 shows no increase.

What is the land classification for BOJAKARA-2rd- ST?

BOJAKARA-2rd- ST is classified as Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in BOJAKARA-2rd- ST?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles the registration for BOJAKARA-2rd- ST?

The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, handles the registration for BOJAKARA-2rd- ST.