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 Vallancheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Bajanaikoil Street, Potheri (Ward -1) has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. The guideline value then increased to Rs 700 per sq.ft in the 2023 revision, and currently stands at Rs 770 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Bajanaikoil Street, Potheri (Ward -1) below this median.

• 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 would be Rs 7,70,000. The stamp duty at 7% would amount to 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.

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 Vallancheri

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

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as set by the Registration Department. This value plays a significant role in the overall cost of property transactions in the area.

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 to Rs 700 per sq.ft in 2023, and currently to Rs 770 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft property at the guideline value of Rs 770 per sq.ft, the total guideline value is Rs 7,70,000. The stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

What is the land classification for Bajanaikoil Street, Potheri (Ward -1)?

The land classification for Bajanaikoil Street, Potheri (Ward -1) is Residential Class I Type - III.

Which office handles registrations for Bajanaikoil Street, Potheri (Ward -1)?

The Chengleput Joint II Sub Registrar Office handles registrations for Bajanaikoil Street, Potheri (Ward -1), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.