Guideline Value for Bajooriars Street

Bajooriars Street guideline value

The current guideline value of Bajooriars Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Bajooriars Street has changed

There have been several revisions to the guideline value of Bajooriars Street over the years. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, which is a 10% increase from the 2023 revision of Rs 7,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there were no recorded figures for Bajooriars Street in the guideline value register. The 2024 figure reflects a significant adjustment in the context of the surrounding market conditions.

Guideline values in Mylapore Part 1

Mylapore Part 1 consists of 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, indicating that Bajooriars Street's 2024 figure is below this median.

• Bakthavatsalam Street: Rs 7,700 per sq.ft (2024)
• Babu Street: Rs 7,700 per sq.ft (2024)
• Babu Lane: Rs 7,700 per sq.ft (2024)
• Ayya Street: Rs 7,700 per sq.ft (2024)
• Avvai Shanmugam Salai (Lloyds Road): Rs 13,200 per sq.ft (2024)
• Austin Nagar 2nd Street: Rs 12,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bajooriars Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, leading to a total of Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bajooriars Street?

The Sub Registrar Office that covers Bajooriars Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 1. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately according to government regulations.

Frequently asked questions

What is the current guideline value of Bajooriars Street?

The current guideline value of Bajooriars Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 10% from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024.

What is the land classification for Bajooriars Street?

Bajooriars Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Bajooriars Street?

The Sub Registrar Office for Bajooriars Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Bajooriars Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 at 7%.