Guideline Value for OLD BAZAR STREET

Old Bazar Street guideline value

The current guideline value of Old Bazar Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO and falls under Residential Class IV Type - I land classification.

How the guideline value of Old Bazar Street has changed

The guideline value for Old Bazar Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, an increase from Rs 700 per sq.ft in 2023, reflecting a 10% rise. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for Old Bazar Street in the revisions from 2002, 2003, 2007, and 2012. This lack of data means that the changes in guideline value are only reflected from the 2017 revision onwards.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value for these streets is Rs 825 per sq.ft, positioning Old Bazar Street's 2024 value below this median.

• Old Dharmaraja Koil Street: Rs 825 per sq.ft (2024)
• Old Hospital Lane: Rs 550 per sq.ft (2024)
• Old Hospital Street: Rs 825 per sq.ft (2024)
• Nsc Bose Road: Rs 990 per sq.ft (2024)
• Pappireddtyopalli Road: Rs 550 per sq.ft (2024)
• Pappireddtyopalli Road 1st Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Old Bazar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, charged at 7%, would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Old Bazar Street?

The Sub Registrar Office that covers Old Bazar Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Tiruttani. It is used to determine the stamp duty and registration fees applicable to the property transaction, ensuring that the fees are calculated based on the established rates.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers, helping to establish a fair basis for the transaction. It is essential to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Old Bazar Street?

The current guideline value of Old Bazar Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and then to Rs 770 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What are the other streets in Tiruttani with their guideline values?

Other streets in Tiruttani include Old Dharmaraja Koil Street at Rs 825 per sq.ft, Old Hospital Lane at Rs 550 per sq.ft, and Nsc Bose Road at Rs 990 per sq.ft, among others.

What fees are applicable when registering property in Old Bazar Street?

The fees applicable include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Old Bazar Street?

The Sub Registrar Office for Old Bazar Street is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.