Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 500 per sq.ft. This street is located in Kovalam village and falls under the Thiruporur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Bajanai Koil Street has changed

Over the years, the guideline value for Bajanai Koil Street has seen several revisions. The earliest recorded value was Rs 100 per sq.ft in 2007. This increased significantly to Rs 500 per sq.ft in 2012, marking a 400% rise. However, in the 2017 revision, the value dropped to Rs 335 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 500 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has risen by 400%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for Bajanai Koil Street.

Guideline values in Kovalam

Currently, there are no specific village figures available for Kovalam. Bajanai Koil Street's guideline value stands at Rs 500 per sq.ft, and there are no other streets in Kovalam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000. Together, the total cost for stamp duty and registration would be Rs 45,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kovalam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is documented correctly with the government.

When a property is sold, the buyer and seller must consider the guideline value as it serves as a benchmark for the transaction. The higher of the guideline value or the sale price will be used to calculate applicable duties and fees.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and returned to Rs 500 per sq.ft in 2023.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class IV Type - I.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 45,000.