Guideline Value for BAJANAI KOIL STREET (WARD-21)

Bajanai Koil Street (Ward-21) guideline value

The current guideline value of Bajanai Koil Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri 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-21) has changed

Over the years, the guideline value for Bajanai Koil Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. However, the value increased significantly to Rs 600 per sq.ft in the 2023 revision and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Examining the changes in detail, the guideline value increased by 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023. The value saw a decrease of 33% from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 825 per sq.ft, placing Bajanai Koil Street's 2024 figure below this median.

• Bajanai Koil Street Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Bajanaikoil Street, Potheri (Ward -1): Rs 770 per sq.ft (2024)
• Bajanaikoil Street, Potheri East (Ward -1): Rs 770 per sq.ft (2024)
• Bajanai Koil Street, Korukanthankal (Ward-20): Rs 770 per sq.ft (2024)
• Avvaiyar Street (Ward-20): Rs 880 per sq.ft (2024)
• Athiparasakthi Nagar, Thailavaram (Ward-21): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total fees together Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Bajanai Koil Street (Ward-21)?

Bajanai Koil Street (Ward-21) is covered by 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 Vallancheri

The guideline value plays a crucial role in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed, and the applicable fees are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (Ward-21)?

The current guideline value of Bajanai Koil Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 600 per sq.ft in 2012, decreasing to Rs 402 per sq.ft in 2017, and then increasing to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Bajanai Koil Street (Ward-21)?

Bajanai Koil Street (Ward-21) is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the other streets in Vallancheri with guideline values?

Other streets in Vallancheri include Bajanai Koil Street Vallancheri (Ward -1), Bajanaikoil Street, Potheri, Bajanaikoil Street, Potheri East, Bajanai Koil Street, Korukanthankal, Avvaiyar Street, and Athiparasakthi Nagar, Thailavaram, each with their respective guideline values.

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.