Guideline Value for BAJANAI KOVIL STREET

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village, under the Ponneri SRO, and is classified as Residential Special Type - I.

How the guideline value of Bajanai Kovil Street has changed

The guideline value for Bajanai Kovil Street has remained stable at Rs 1,200 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, in the 2017 revision, the guideline value was Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 49%. The consistent figure in the 2023 and 2024 revisions indicates stability in the guideline value for this street.

Guideline values in Ponneri_2

In Ponneri_2 village, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 1,300 per sq.ft. The median value among these streets is Rs 700 per sq.ft, placing Bajanai Kovil Street's 2024 figure above that median.

• Balaji Nagar: Rs 700 per sq.ft (2024)
• Balaji Nagar Virivakkam: Rs 700 per sq.ft (2024)
• Atha Thulla Street: Rs 700 per sq.ft (2024)
• Balammal Nagar: Rs 700 per sq.ft (2024)
• Balammal Street: Rs 702 per sq.ft (2024)
• Balan Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bajanai Kovil Street?

The Sub Registrar Office that covers Bajanai Kovil Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor in property transactions in Ponneri_2, as it determines the minimum value on which stamp duty and registration fees are calculated. When registering a property, the buyer must pay these fees based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers make informed decisions during property transactions, ensuring compliance with local regulations. It is essential to check the latest figures to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has remained the same at Rs 1,200 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the land classification for Bajanai Kovil Street?

Bajanai Kovil Street is classified as Residential Special Type - I, indicating its designated use for residential purposes.

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

The Sub Registrar Office for Bajanai Kovil Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000.