Guideline Value for Bujangarao 1st Street

Bujangarao 1st Street guideline value

The current guideline value of Bujangarao 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, with a land classification of Mixed Type - I.

How the guideline value of Bujangarao 1st Street has changed

The guideline value for Bujangarao 1st Street has undergone several revisions over the years. In 2003, the guideline value was Rs 554 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking an increase of 81%. The value then rose significantly to Rs 3,500 per sq.ft in 2012, reflecting a 250% increase. However, it decreased to Rs 2,345 per sq.ft in 2017, a decline of 33% from the previous revision.

From 2017 to 2023, the guideline value saw a substantial increase of 60%, reaching Rs 3,750 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, which is a 3% increase from 2023. The register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this village is Rs 3,300 per sq.ft, placing Bujangarao 1st Street's 2024 figure above that median.

• Bujangarao 2nd Street: Rs 3,850 per sq.ft (2024)
• Bujangarao Line: Rs 3,850 per sq.ft (2024)
• Bramin Street: Rs 3,300 per sq.ft (2024)
• B.M. Gopal Street: Rs 3,300 per sq.ft (2024)
• Chambers Colony 11th Street Extn: Rs 3,300 per sq.ft (2024)
• Chambers Colony 1 To 11 Streets: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bujangarao 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bujangarao 1st Street?

The Sub Registrar Office that covers Bujangarao 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a reference point used during the registration of property transactions in Zaminpallavaram. It helps determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bujangarao 1st Street?

The current guideline value of Bujangarao 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 554 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 595% over the years.

What is the stamp duty for properties on Bujangarao 1st Street?

The stamp duty for properties on Bujangarao 1st Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bujangarao 1st Street?

The Sub Registrar Office for Bujangarao 1st Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Bujangarao 1st Street?

The land classification of Bujangarao 1st Street is Mixed Type - I, as per the guidelines of the Pallavaram SRO.