Guideline Value for Bajanai Koil Street(Kannada palayam)

Bajanai Koil Street(Kannada palayam) guideline value

The current guideline value of Bajanai Koil Street(Kannada palayam) is Rs 807 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Bajanai Koil Street(Kannada palayam) has changed

The guideline value for Bajanai Koil Street(Kannada palayam) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 500 per sq.ft. This figure increased to Rs 335 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 807 per sq.ft, reflecting an increase of 141%. The guideline value remained unchanged at Rs 807 per sq.ft from 2023 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 61%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, placing Bajanai Koil Street(Kannada palayam) below this median.

• Balaji Nagar: Rs 805 per sq.ft (2024)
• Balaji Nagar Extn.: Rs 806 per sq.ft (2024)
• Ashok Nagar Main Road: Rs 880 per sq.ft (2024)
• Ashok Nagar Extn: Rs 990 per sq.ft (2024)
• Ashok Nagar: Rs 880 per sq.ft (2024)
• Anthony Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street(Kannada palayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value would be Rs 8,07,000. The stamp duty at 7% would amount to Rs 56,490, and the registration fee at 2% would be Rs 16,140, making the total cost Rs 72,630. It is important to note that the stamp 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 Bajanai Koil Street(Kannada palayam)?

The Sub Registrar Office that covers Bajanai Koil Street(Kannada palayam) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction, based on the officially set rates.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street(Kannada palayam)?

The current guideline value of Bajanai Koil Street(Kannada palayam) is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 807 per sq.ft in 2024, with notable increases and a decrease in between. The value increased by 141% from 2017 to 2023.

What is the land classification for Bajanai Koil Street(Kannada palayam)?

Bajanai Koil Street(Kannada palayam) is classified as Residential Class III Type - II.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Bajanai Koil Street(Kannada palayam), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kovilpathagai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,07,000, the stamp duty at 7% would be Rs 56,490.