Guideline Value for BAJANAIKOIL STREET, POTHERI (WARD -1)

Bajanaikoil Street, Potheri (Ward -1) guideline value

The current guideline value of Bajanaikoil Street, Potheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO with a land classification of Residential Class I Type - III.

How the guideline value of Bajanaikoil Street, Potheri (Ward -1) has changed

Over the years, the guideline value of Bajanaikoil Street has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 469 per sq.ft. Subsequently, the 2023 revision raised it to Rs 700 per sq.ft again, and the most recent 2024 revision increased it further to Rs 770 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,500 per sq.ft. The median value is Rs 770 per sq.ft, which is the same as the 2024 figure for Bajanaikoil Street, Potheri (Ward -1).

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

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

Which Sub Registrar Office covers Bajanaikoil Street, Potheri (Ward -1)?

The Chengleput Joint II Sub Registrar Office covers Bajanaikoil Street, Potheri (Ward -1). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Konathi. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall costs associated with property registration. Accurate knowledge of the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Bajanaikoil Street, Potheri (Ward -1)?

The current guideline value of Bajanaikoil Street, Potheri (Ward -1) 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 land classification for Bajanaikoil Street?

Bajanaikoil Street is classified as Residential Class I Type - III according to the land classification records.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.