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 Potheri village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

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

Over the years, the guideline value for 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. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 700 per sq.ft. The most recent 2024 revision has further increased the guideline value to Rs 770 per sq.ft, marking a 10% rise from the previous year.

The register has no figures for the revisions in 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median value among these streets is Rs 770 per sq.ft, which is equal to the guideline value of 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 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 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 Bajanaikoil Street, Potheri (Ward -1)?

The Sub Registrar Office that covers Bajanaikoil Street, Potheri (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Potheri. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to assess the applicable fees, ensuring that the transaction is recorded accurately and in accordance with local regulations.

Frequently asked questions

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

The current guideline value for 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 back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024. This shows fluctuations over the years, with significant increases in recent revisions.

What are the other streets with the same guideline value in Potheri?

Other streets in Potheri with the same guideline value of Rs 770 per sq.ft in 2024 include Bajanaikoil Street, Potheri East (Ward -1), Bajanai Koil Street Vallancheri (Ward -1), and Bajanai Koil Street, Korukanthankal (Ward-20).

What is the registration fee for property in Bajanaikoil Street, Potheri (Ward -1)?

The registration fee for property in Bajanaikoil Street is calculated based on the guideline value. For a property valued at Rs 7,70,000, the registration fee would be Rs 15,400.

Where can I find the Sub Registrar Office for Bajanaikoil Street, Potheri (Ward -1)?

The Sub Registrar Office for Bajanaikoil Street, Potheri (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by following the provided link.