Guideline Value for Bujji Garden

Bujji Garden guideline value

The current guideline value of Bujji Garden, located in Madhavaram village under the Madhavaram SRO, is Rs 2,500 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Commercial Class I Type - III.

How the guideline value of Bujji Garden has changed

In the 2024 revision, the guideline value for Bujji Garden is Rs 2,500 per sq.ft. The previous revision in 2023 also recorded the same value of Rs 2,500 per sq.ft. The register has no figure for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 2,500 per sq.ft. The guideline value has consistently been recorded at this rate for the last two revisions.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Bujji Garden is above this median.

• Burma Colony 1st st (Ward No.19): Rs 1,300 per sq.ft (2024)
• Burma Colony 2nd st (Ward No.19): Rs 1,300 per sq.ft (2024)
• Burma Colony 3rd st (Ward No.19): Rs 1,300 per sq.ft (2024)
• Burma Colony 4th st (Ward No.19): Rs 1,300 per sq.ft (2024)
• Burma Colony Anna Street: Rs 1,300 per sq.ft (2024)
• Burma Colony Main Road (Ward No.19): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bujji Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bujji Garden?

The Bujji Garden area falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you register a property, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bujji Garden?

The current guideline value of Bujji Garden is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bujji Garden has remained at Rs 2,500 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Bujji Garden?

Bujji Garden is classified as Commercial Class I Type - III, indicating its use for commercial purposes.

What are the stamp duty and registration fees for property in Bujji Garden?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,25,000.

Where is the Sub Registrar Office for Bujji Garden located?

The Madhavaram Sub Registrar Office, which covers Bujji Garden, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.