Guideline Value for Bajanai Kovil First Street

Bajanai Kovil First Street guideline value

The current guideline value of Bajanai Kovil First Street is Rs 605 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Bajanai Kovil First Street has changed

The guideline value for Bajanai Kovil First Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 200 per sq.ft. This increased to Rs 405 per sq.ft in 2017, marking a change of 103%. The most recent revisions took place in 2023 and 2024, where the guideline value remained at Rs 605 per sq.ft, showing no change from 2023 to 2024. Overall, from 2012 to 2024, the increase is 203%.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 42 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 250 to Rs 2,000 per sq.ft. The median guideline value is Rs 605 per sq.ft, which is equal to the 2024 figure for Bajanai Kovil First Street.

• Bajanai Kovil Second Street: Rs 605 per sq.ft (2024)
• Bangalore Main Road (Annai Velankanni Nagar Ist St To Kandigai Bus Stop): Rs 2,000 per sq.ft (2024)
• Arunthathiyar Colony: Rs 605 per sq.ft (2024)
• Bharathiyar IInd Street: Rs 300 per sq.ft (2024)
• Bharathiyar Ist Street: Rs 300 per sq.ft (2024)
• Achariayar Street: Rs 605 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty at 7% would be Rs 42,350, and the registration fee at 2% would be Rs 12,100, bringing the total fees to Rs 54,450. 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 Bajanai Kovil First Street?

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

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

The guideline value is a crucial factor when registering property transactions in Thirumangalam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to understand the associated costs of registration.

Frequently asked questions

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

The current guideline value of Bajanai Kovil First Street is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2012 to Rs 605 per sq.ft in 2024, marking a total increase of 203% over this period.

Which Sub Registrar Office covers Bajanai Kovil First Street?

The Sunguvarchattram Sub Registrar Office covers Bajanai Kovil First Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,05,000, the stamp duty would be Rs 42,350 and the registration fee would be Rs 12,100, totaling Rs 54,450.

Where can I find more information about guideline values in Thirumangalam?

More information about guideline values in Thirumangalam can be found in the guideline value register maintained by the Registration Department, which includes details for various streets in the area.