Guideline Value for Bujangarao Line

Bujangarao Line guideline value

The current guideline value of Bujangarao Line in Zaminpallavaram village is Rs 3,850 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Mixed Type - I land.

How the guideline value of Bujangarao Line has changed

Since 2003, the guideline value for Bujangarao Line has seen significant increases. The revision in 2003 set the value at Rs 449 per sq.ft, which rose to Rs 1,000 per sq.ft in 2007, marking an increase of 123%. By 2012, the value jumped to Rs 3,500 per sq.ft, reflecting a remarkable increase of 250%. The 2023 revision set the value at Rs 3,750 per sq.ft, an increase of 7% from the previous figure.

The most recent revision in 2024 has set the guideline value at Rs 3,850 per sq.ft, which is a 3% increase from 2023. Overall, from 2003 to 2024, the guideline value has increased by 757%. There are no figures available for the revisions in 2017 and 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a guideline value range from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Bujangarao Line's 2024 figure above this median.

• Bujangarao 2nd Street: Rs 3,850 per sq.ft (2024)
• Bujangarao 1st Street: 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 Line

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, making the total cost for these fees Rs 3,46,500. Please 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 details.

Which Sub Registrar Office covers Bujangarao Line?

The Bujangarao Line is covered by 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 information.

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

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It determines the minimum value at which a 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, the guideline value serves as a benchmark for both parties involved in the transaction. It is essential to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bujangarao Line?

The current guideline value of Bujangarao Line 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 increased from Rs 449 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 757% over the years.

What is the land classification of Bujangarao Line?

Bujangarao Line is classified as Mixed Type - I land, which indicates a blend of residential and commercial usage.

Where can I find the registration office for Bujangarao Line?

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

How is stamp duty calculated for properties in Bujangarao Line?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.