Guideline Value for Bujangarao 2nd Street

Bujangarao 2nd Street guideline value

The current guideline value of Bujangarao 2nd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, and the land classification is Mixed Type - I.

How the guideline value of Bujangarao 2nd Street has changed

The guideline value for Bujangarao 2nd Street has seen several revisions over the years. In 2003, the value was Rs 554 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2007, marking a rise of 81%. The value then surged to Rs 3,500 per sq.ft in 2012, reflecting a substantial increase of 250%. However, it decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The guideline value then rose to Rs 3,750 per sq.ft in 2023, showing an increase of 60%, and has now reached Rs 3,850 per sq.ft in the 2024 revision, representing a 3% increase.

It is important to note that there is no figure available for Bujangarao 2nd Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 595%.

Guideline values in Zaminpallavaram

Zaminpallavaram has 638 streets under the Pallavaram SRO with a 2024 guideline value range 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 2nd Street's 2024 figure above that median.

• Bujangarao 1st 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 2nd Street

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

Which Sub Registrar Office covers Bujangarao 2nd Street?

The Sub Registrar Office that covers Bujangarao 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the registration process is transparent and standardized.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value, as it directly affects the total cost involved in property transactions.

Frequently asked questions

What is the current guideline value of Bujangarao 2nd Street?

The current guideline value of Bujangarao 2nd 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 registration office for Bujangarao 2nd Street?

The registration office for Bujangarao 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What factors determine the stamp duty and registration fee?

The stamp duty and registration fee are determined based on the guideline value or the sale price, whichever is higher. These fees are calculated as a percentage of the property value.

What is the land classification for Bujangarao 2nd Street?

The land classification for Bujangarao 2nd Street is Mixed Type - I, which is relevant for understanding the usage and regulations applicable to the property.