Guideline Value for BAJANAI KOIL STREET (CHEN)

Bajanai Koil Street (Chen) guideline value

The current guideline value of Bajanai Koil Street (Chen) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village under the Chengleput Joint II SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Bajanai Koil Street (Chen) has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, reflecting a rise of 49%. The current figure for 2024 is Rs 660 per sq.ft, which shows a 10% increase from the previous year.

The register has no figures for Bajanai Koil Street (Chen) in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. Bajanai Koil Street (Chen) is below this median value.

• Ats Twin Avenue Phase-II: Rs 660 per sq.ft (2024)
• Ats Twin Avenue Phase-I: Rs 660 per sq.ft (2024)
• Athiparasakthi Nagart (Chen): Rs 660 per sq.ft (2024)
• Arun Excello Constructions Llp Compact Homes Urmika: Rs 1,100 per sq.ft (2024)
• Bhavani Nagar (Chen): Rs 770 per sq.ft (2024)
• Big Street (Chen): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total cost for these charges Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Street (Chen)?

The Sub Registrar Office covering Bajanai Koil Street (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Sengundram - 1

The guideline value is a crucial factor when registering property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (Chen)?

The current guideline value of Bajanai Koil Street (Chen) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 600 per sq.ft in 2012, dropped to Rs 402 per sq.ft in 2017, increased to Rs 600 per sq.ft in 2023, and is now Rs 660 per sq.ft in 2024.

What is the land classification for Bajanai Koil Street (Chen)?

Bajanai Koil Street (Chen) is classified under Residential Class I Type - III land classification.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sengundram - 1?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a property valued at Rs 6,60,000, the stamp duty would be calculated at 7% of that amount.