Guideline Value for Bajanai Kovil Cross Street

Bajanai Kovil Cross Street guideline value

The current guideline value of Bajanai Kovil Cross Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kanthoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Bajanai Kovil Cross Street has changed

Looking at the revisions, the guideline value for Bajanai Kovil Cross Street was Rs 150 per sq.ft in both the 2023 and 2024 revisions. In the 2017 revision, the value was Rs 100 per sq.ft, indicating a 50% increase from 2017 to 2023. The 2012 revision also set the value at Rs 150 per sq.ft, which represents a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft, with a median value of Rs 181 per sq.ft. Bajanai Kovil Cross Street's 2024 figure is below this median.

• Bajanai Kovil Street: Rs 181 per sq.ft (2024)
• Baskaran Avenue: Rs 150 per sq.ft (2024)
• Big Street: Rs 150 per sq.ft (2024)
• Biramanar Cross Street: Rs 150 per sq.ft (2024)
• Biramanar Street: Rs 181 per sq.ft (2024)
• Central Grand: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Kovil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Kovil Cross Street?

The Sub Registrar Office that covers Bajanai Kovil Cross Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kanthoor. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the current market standards.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Cross Street?

The current guideline value of Bajanai Kovil Cross Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

Which Sub Registrar Office is responsible for Bajanai Kovil Cross Street?

The Sunguvarchattram Sub Registrar Office is responsible for Bajanai Kovil Cross Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

What is the median guideline value for streets in Kanthoor?

The median guideline value for streets in Kanthoor is Rs 181 per sq.ft, while Bajanai Kovil Cross Street's value is below this median at Rs 150 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same value, which together determines the total fees payable during property registration.