Guideline Value for Bajanai Kovil Second Street

Bajanai Kovil Second Street guideline value

The current guideline value for Bajanai Kovil Second 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 Second Street has changed

The guideline value for Bajanai Kovil Second Street has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which increased to Rs 405 per sq.ft in 2017. This marked a significant change of +103%. The value remained unchanged at Rs 605 per sq.ft for the 2023 and 2024 revisions, indicating a 49% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by +203%.

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 value is Rs 605 per sq.ft, making Bajanai Kovil Second Street's 2024 figure equal to this median.

• Bajanai Kovil First 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 Second Street

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value amounts to Rs 6,05,000. The stamp duty at 7% would be Rs 42,350, while the registration fee at 2% would be Rs 12,100, bringing the total fees to Rs 54,450. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Kovil Second Street?

The Bajanai Kovil Second Street is covered by 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 Thirumangalam

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

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded at a value that reflects the property's worth as determined by the local government.

Frequently asked questions

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

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

How much 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, representing an overall increase of +203%.

Which Sub Registrar Office should I visit for transactions in Bajanai Kovil Second Street?

The Sunguvarchattram Sub Registrar Office covers Bajanai Kovil Second Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company.

How is stamp duty calculated for properties in Thirumangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is typically set at 7% of the guideline value.

What are the registration fees for properties in Bajanai Kovil Second Street?

The registration fee is generally 2% of the guideline value. For example, for a property valued at Rs 6,05,000, the registration fee would be Rs 12,100.