Guideline Value for Bajanai Kovil Street (Thanthankuppam)

Bajanai Kovil Street (Thanthankuppam) guideline value

The current guideline value of Bajanai Kovil Street (Thanthankuppam) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Konnur village under the Konnur SRO, classified as Residential Class III Type - I.

How the guideline value of Bajanai Kovil Street (Thanthankuppam) has changed

The guideline value for Bajanai Kovil Street (Thanthankuppam) has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision increased the guideline value to Rs 2,500 per sq.ft, and the most recent 2024 revision set it at Rs 2,750 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The change from 2023 to 2024 is an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konnur

In Konnur village, there are 249 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, placing Bajanai Kovil Street (Thanthankuppam) below this median.

• Baba Nagar Third Prathasa Salai and Velumani Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar Second Prathana Salai: Rs 5,500 per sq.ft (2024)
• Baba Nagar Nethaji Nagar: Rs 5,500 per sq.ft (2024)
• Baba Nagar First Prathana Salai: Rs 5,500 per sq.ft (2024)
• Baba Nagar and Others Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 9th street and Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Kovil Street (Thanthankuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Kovil Street (Thanthankuppam)?

The Sub Registrar Office that covers Bajanai Kovil Street (Thanthankuppam) is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Konnur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process.

It is essential to understand that the guideline value serves as a baseline for these fees, and the actual sale price cannot be lower than the guideline value. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street (Thanthankuppam)?

The current guideline value of Bajanai Kovil Street (Thanthankuppam) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Bajanai Kovil Street (Thanthankuppam)?

Bajanai Kovil Street (Thanthankuppam) is classified as Residential Class III Type - I.

What are the other guideline values in Konnur?

In Konnur, the guideline values range from Rs 2,750 to Rs 7,100 per sq.ft, with a median of Rs 3,800 per sq.ft. Bajanai Kovil Street's guideline value is below this median.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.