Guideline Value for BAJANAI KOIL STREET (WARD -19)

Bajanai Koil Street (Ward -19) guideline value

The current guideline value for Bajanai Koil Street (Ward -19) is Rs 440 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 - II.

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

Over the years, the guideline value of Bajanai Koil Street has seen several revisions. The earliest available revision is from 2012, where the guideline value was Rs 400 per sq.ft. In 2017, this value decreased to Rs 268 per sq.ft, marking a significant drop of 33%. However, from 2017 to 2023, the value increased to Rs 400 per sq.ft, and then further rose to Rs 440 per sq.ft in the 2024 revision, reflecting a 10% increase.

In summary, the guideline value has changed from Rs 400 in 2012 to Rs 440 in 2024, representing an overall increase of 10%. The revisions for the years 2002, 2003, and 2007 have no figures available for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 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 is Rs 990 per sq.ft, indicating that Bajanai Koil Street's 2024 figure is below this 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, charged at 7%, would be Rs 30,800, and the registration fee at 2% would be Rs 8,800. Therefore, the total cost for stamp duty and registration would be Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Bajanai Koil Street (Ward -19) 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 details.

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

The guideline value is a crucial factor when buying or selling property in Panangottur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must be aware of this value as it impacts the overall transaction costs.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures transparency in property transactions, as it helps to prevent undervaluation and ensures that all parties are aware of the costs involved in the registration process.

Frequently asked questions

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

The current guideline value for 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 in 2012 to Rs 440 in 2024, with various revisions in between. Notably, it decreased to Rs 268 in 2017 before increasing back to Rs 400 in 2023 and then to Rs 440 in 2024.

What is the land classification for Bajanai Koil Street (Ward -19)?

Bajanai Koil Street (Ward -19) is classified as Residential Class II Type - II. This classification affects the guideline value and the types of properties that can be developed in the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, on a 1,000 sq.ft plot at Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000, leading to a total cost of Rs 39,600 for stamp duty and registration.

Where is the Sub Registrar Office for Bajanai Koil Street (Ward -19)?

The Sub Registrar Office for Bajanai Koil Street (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.