Guideline Value for BOKKAR ST

Bokkar St guideline value

The current guideline value of Bokkar St in Walajabad village is Rs 750 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Walajabad SRO and is classified as Residential Class IV Type - I.

How the guideline value of Bokkar St has changed

Over the years, the guideline value of Bokkar St has experienced several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to Rs 750 per sq.ft. The latest revision in 2024 has maintained this value, showing no change from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 is 0%, indicating that the guideline value has stabilized at Rs 750 per sq.ft since 2012.

Guideline values in Walajabad

In Walajabad, there are 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 is Rs 750 per sq.ft, which aligns with the 2024 figure for Bokkar St.

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

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty is charged at 7%, which totals Rs 52,500, and the registration fee at 2% amounts to Rs 15,000. Therefore, the total cost for stamp duty and registration together is Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bokkar St?

The Bokkar St falls under the jurisdiction of 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 an essential factor during the registration of property transactions in Walajabad. It serves as a benchmark for determining the applicable stamp duty and registration fees based on the property's value.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is critical for legal and tax purposes. Buyers and sellers must be aware of these values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bokkar St?

The current guideline value of Bokkar St is Rs 750 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023.

What other streets have similar guideline values in Walajabad?

Other streets in Walajabad with a guideline value of Rs 750 per sq.ft include Bimaraja Muthali St, Bharathi Nagar, and Chellaperumal Mudhali Street.

What is the stamp duty rate for properties in Bokkar St?

The stamp duty rate for properties in Bokkar St is 7%, which is applied to the guideline value or the sale price, whichever is higher.

Where is the Walajabad Sub Registrar Office located?

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