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

Bajanai Koil Street Vallancheri (Ward -1) guideline value

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

The guideline value for Bajanai Koil Street Vallancheri has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and further to Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, the guideline value has increased by 10% from the 2012 revision to the 2024 revision. The register has no figures for this street for the years 2002, 2003, and 2007.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, which places Bajanai Koil Street Vallancheri's 2024 figure below that median.

• 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 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 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 would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400, making the total fees together Rs 69,300. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Street Vallancheri (Ward -1)?

The Sub Registrar Office that covers Bajanai Koil Street Vallancheri (Ward -1) 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 Vallancheri

The guideline value is a crucial factor during property transactions in Vallancheri, as it determines the minimum price at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street Vallancheri (Ward -1)?

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 increased 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.

What is the median guideline value for streets in Vallancheri?

The median guideline value for the 134 streets in Vallancheri under the Chengleput Joint II SRO is Rs 825 per sq.ft, making Bajanai Koil Street's value below this median.

Where can I find the Sub Registrar Office for Bajanai Koil Street Vallancheri?

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