Guideline Value for BAJANAI KOIL STREET (WARD -17)

Bajanai Koil Street (Ward -17) guideline value

The current guideline value for Bajanai Koil Street (Ward -17) is Rs 550 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 - I.

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

The guideline value for Bajanai Koil Street (Ward -17) has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision has set it at Rs 550 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded 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. The median value among these streets is Rs 1,100 per sq.ft, which means 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)
• 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 -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total 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, making the total fees Rs 49,500. 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 more detailed 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, 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 during the registration of property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for 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?

Since 2012, the guideline value has increased from Rs 500 per sq.ft to Rs 550 per sq.ft in 2024. There was a decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023.

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

Bajanai Koil Street (Ward -17) is classified as Residential Class II Type - I, indicating its residential purpose within the area.

What are the registration fees for properties in this area?

The registration fees for properties in Bajanai Koil Street (Ward -17) include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bajanai Koil Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.