Guideline Value for BAJANAI KOIL STREET (WARD -17)

Bajanai Koil Street (Ward -17) guideline value

The current guideline value of Bajanai Koil Street (Ward -17) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil Street (Ward -17) has changed

The guideline value for Bajanai Koil Street has undergone several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased to Rs 500 per sq.ft in 2023 and further rose to Rs 550 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value experienced a decline of 33%. However, there was a significant increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, indicating that Bajanai Koil Street's 2024 figure is below this median.

• Bajanai Koil Street (Ward -15): Rs 440 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)
• Ayya Nagar (Sa): Rs 440 per sq.ft (2024)
• Avvaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Balaji Nagar (Ward -19): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street (Ward -17)

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total of Rs 49,500 for these fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bajanai Koil Street (Ward -17)?

The Sub Registrar Office that covers Bajanai Koil Street (Ward -17) 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 Panangottur

The guideline value is a critical factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (Ward -17)?

The current guideline value of Bajanai Koil Street (Ward -17) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Bajanai Koil Street (Ward -17)?

Bajanai Koil Street (Ward -17) is classified as Residential Class II Type - I.

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 the stamp duty calculated for properties in Bajanai Koil Street (Ward -17)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,50,000 would incur a stamp duty of Rs 38,500.