Guideline Value for BHAJANAI KOVIL STREET

Bhajanai Kovil Street guideline value

The current guideline value of Bhajanai Kovil Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Bhajanai Kovil Street has changed

Over the years, the guideline value for Bhajanai Kovil Street has seen significant changes. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +133%.

The 2024 figure of Rs 700 per sq.ft aligns with the median guideline value for 120 streets in Ponneri under the Ponneri SRO, which ranges from Rs 201 to Rs 1,200 per sq.ft.

Guideline values in Ponneri

In Ponneri village, the guideline values vary widely, with the median at Rs 700 per sq.ft. Bhajanai Kovil Street's 2024 figure matches this median value. Other streets in Ponneri include:

• Bharathi Nagar: Rs 700 per sq.ft (2024)
• Barma Nagar / Anna Nagar: Rs 700 per sq.ft (2024)
• Balavinayagam Kovil Street: Rs 700 per sq.ft (2024)
• Balan Nagar: Rs 700 per sq.ft (2024)
• Balammal Street: Rs 700 per sq.ft (2024)
• Balammal Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Bhajanai Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, while the registration fee at 2% would be Rs 14,000. Together, these fees total Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhajanai Kovil Street?

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

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

The guideline value is crucial when registering property transactions in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures transparency and fairness in the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bhajanai Kovil Street?

The current guideline value of Bhajanai Kovil Street is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 300 per sq.ft to Rs 700 per sq.ft, which is a change of +133%.

What is the median guideline value for streets in Ponneri?

The median guideline value for streets in Ponneri is Rs 700 per sq.ft, which is the same as the guideline value for Bhajanai Kovil Street in 2024.

What are the registration fees for a property on Bhajanai Kovil Street?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Bhajanai Kovil Street?

The Ponneri Sub Registrar Office handles property registrations for Bhajanai Kovil Street, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.