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

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

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

The guideline value for Bajanai Koil Street has seen several revisions over the years. In 2012, the value was Rs 700 per sq.ft, which then dropped to Rs 469 per sq.ft in 2017. This represented a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 700 per sq.ft. The most recent revision in 2024 has set the value at Rs 770 per sq.ft, marking a 10% increase from the previous year.

It's important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. 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 guideline value for the village is Rs 825 per sq.ft, placing Bajanai Koil Street's 2024 figure below this median.

• 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 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, 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. It is important to note that 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, Korukanthankal (Ward-20)?

The Sub Registrar 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, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallancheri. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the buyer and seller must consider the guideline value to calculate the necessary fees. This value helps to standardize property transactions and prevent undervaluation during registration.

Frequently asked questions

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

The current guideline value of 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 are the stamp duty and registration fees for properties in this area?

For a property with a guideline value of Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles registrations for Bajanai Koil Street?

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

What is the median guideline value in Vallancheri?

The median guideline value in Vallancheri is Rs 825 per sq.ft, making the current value of Bajanai Koil Street below this median.