Guideline Value for BAJANAI KOIL STREET (WARD -15)

Bajanai Koil Street (Ward -15) guideline value

The current guideline value of Bajanai Koil Street (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Bajanai Koil Street (Ward -15) has changed

The guideline value for Bajanai Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017, marking a drop of 33%. However, the value increased to Rs 400 per sq.ft in 2023, and subsequently rose to Rs 440 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value saw a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Bajanai Koil Street (Ward -15) has a guideline value that is below this median.

• Bajanai Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• Bajanai Koil Street (Ward -19): Rs 440 per sq.ft (2024)
• Azhahiri Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Ayyappa Nagar: Rs 660 per sq.ft (2024)
• Ayya Nagar (Sa): Rs 660 per sq.ft (2024)
• Avvaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, resulting in a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Street (Ward -15)?

The Sub Registrar Office that covers Bajanai Koil Street (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value is assessed to calculate the applicable fees. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (Ward -15)?

The current guideline value of Bajanai Koil Street (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Bajanai Koil Street (Ward -15)?

Bajanai Koil Street (Ward -15) is classified as Residential Class II Type - II.

Where is the Chengleput Joint II Sub Registrar Office located?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.