Guideline Value for BAJANAI KOIL STREET VALLANCHERI (WARD -1)

Bajanai Koil Street Vallancheri (Ward -1) guideline value

The current guideline value for Bajanai Koil Street Vallancheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Bajanai Koil Street Vallancheri (Ward -1) has changed

Over the years, the guideline value for Bajanai Koil Street Vallancheri has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which then dropped to Rs 469 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value rebounded significantly to Rs 700 per sq.ft in the 2023 revision and further increased to Rs 770 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram village, there are 132 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 770 per sq.ft, which is the same as the current guideline value for Bajanai Koil Street Vallancheri.

• 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)
• Bajanai Koil Street (Ward-21): Rs 660 per sq.ft (2024)
• Avvaiyar Street (Ward-20): Rs 881 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 Vallancheri (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. 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 Vallancheri (Ward -1)?

The Sub Registrar Office that covers Bajanai Koil Street Vallancheri 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 Thailavaram

The guideline value plays a crucial role during the registration of property transactions in Thailavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the appropriate fees are collected based on the current rates. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street Vallancheri?

The current guideline value of Bajanai Koil Street Vallancheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Bajanai Koil Street Vallancheri?

The land classification for Bajanai Koil Street Vallancheri is Residential Class I Type - III.

Which Sub Registrar Office is responsible for this area?

The Chengleput Joint II Sub Registrar Office is responsible for Bajanai Koil Street Vallancheri, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 69,300.