Guideline Value for BAJANAI KOIL STREET (WARD -19)

Bajanai Koil Street (Ward -19) guideline value

The current guideline value of Bajanai Koil Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Bajanai Koil Street (Ward -19) has changed

Over the years, the guideline value for Bajanai Koil Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, but this was reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change in guideline value is a modest increase of 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, indicating that Bajanai Koil Street's 2024 figure is below that median.

• Bajanai Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• Bajanai Koil Street (Ward -15): 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)
• Balaji Nagar (Ward -19): 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 -19)

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, bringing the total fees to Rs 39,600. 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 details on fees applicable to your property transactions.

Which Sub Registrar Office covers Bajanai Koil Street (Ward -19)?

The Chengleput Joint II Sub Registrar Office covers Bajanai Koil Street (Ward -19). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Kattankollatur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the costs associated with property registration.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (Ward -19)?

The current guideline value of Bajanai Koil Street (Ward -19) 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 increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft, indicating that Bajanai Koil Street's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in Bajanai Koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000, leading to a stamp duty of Rs 30,800 and a registration fee of Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for Bajanai Koil Street located?

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