Guideline Value for BAJANAI KOIL STREET, KORUKANTHANKAL (WARD-20)

Bajanai Koil Street, Korukanthankal (Ward-20) guideline value

The current guideline value of Bajanai Koil Street, Korukanthankal (Ward-20) 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, Korukanthankal (Ward-20) has changed

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

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is equal to the 2024 figure for Bajanai Koil Street, Korukanthankal (Ward-20).

• Bajanaikoil Street, Potheri East (Ward -1): Rs 770 per sq.ft (2024)
• Bajanaikoil Street, Potheri (Ward -1): Rs 770 per sq.ft (2024)
• Bajanai Koil Street Vallancheri (Ward -1): 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, Korukanthankal (Ward-20)

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Street, Korukanthankal (Ward-20)?

The Sub Registrar Office that covers Bajanai Koil Street, Korukanthankal (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. 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 in the registration process when buying or selling property in Thailavaram. It serves as a benchmark to determine the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction reflects a fair value, and the fees are calculated based on the higher of the guideline value or the sale price. This helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value for Bajanai Koil Street, Korukanthankal (Ward-20)?

The current guideline value for Bajanai Koil Street, Korukanthankal (Ward-20) 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 registration office for this area?

The registration office covering Bajanai Koil Street, Korukanthankal (Ward-20) is the Chengleput Joint II Sub Registrar Office, 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 charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees amount to Rs 69,300.

Are there any other streets with the same guideline value in Thailavaram?

Yes, there are several other streets in Thailavaram with the same guideline value of Rs 770 per sq.ft, including Bajanaikoil Street, Potheri East, Bajanaikoil Street, Potheri, and Bajanai Koil Street Vallancheri.