Guideline Value for BAJANAI KOVIL THERU

Bajanai Kovil Theru guideline value

The current guideline value of Bajanai Kovil Theru is Rs 1,200 per sq.ft, as per the 2023 revision. This street is located in Urapakkam village, under the Gooduvancheri Sub Registrar Office, and is classified as Residential Special Type - I.

How the guideline value of Bajanai Kovil Theru has changed

The guideline value for Bajanai Kovil Theru has seen revisions over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft. In the most recent 2023 revision, this value increased to Rs 1,200 per sq.ft, marking a significant increase of 49% over the six-year period.

It is important to note that there are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Therefore, the only two relevant revisions are from 2017 and 2023.

Guideline values in Urapakkam

Currently, there are no specific guideline values provided for other streets in Urapakkam. Bajanai Kovil Theru is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Bajanai Kovil Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total cost together to Rs 1,08,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Kovil Theru?

The Bajanai Kovil Theru is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Urapakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

Buyers and sellers must be aware that the guideline value is updated periodically, and it is essential to refer to the latest figures to understand the financial implications of their transactions accurately.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Theru?

The current guideline value of Bajanai Kovil Theru is Rs 1,200 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,200 per sq.ft, which is a change of 49%.

Are there any guideline values for other streets in Urapakkam?

Currently, there are no specific guideline values provided for other streets in Urapakkam. Bajanai Kovil Theru is the only street mentioned under the Gooduvancheri SRO.

What are the stamp duty and registration fees for a property in Bajanai Kovil Theru?

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, totaling Rs 1,08,000. These fees are based on the guideline value.

Which office handles the registration for Bajanai Kovil Theru?

The registration for Bajanai Kovil Theru is handled by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.