Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 1,200 per sq.ft. This street is located in Kilambakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Bajanai Kovil Street has changed

The guideline value for Bajanai Kovil Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. However, it then dropped to Rs 804 per sq.ft in the 2017 revision. The most recent revision in 2023 brought the guideline value back up to Rs 1,200 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The value decreased by 33% from 2012 to 2017. Comparing the 2007 revision to the 2012 revision, there was a 20% increase. Overall, from 2007 to 2023, the guideline value has increased by 20%. The register does not have figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. Bajanai Kovil Street is one of the streets under the Gooduvancheri SRO, and there are no other streets in Kilambakkam listed.

Stamp duty and registration fee for property in Bajanai Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Kovil Street?

The Sub Registrar Office that covers Bajanai Kovil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration process of property transactions in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer purchases property, the guideline value is used to calculate the applicable duties, ensuring that the government receives the correct revenue based on the value of the property. It is important for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 20% overall, with notable changes including a drop from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, followed by a rise back to Rs 1,200 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Bajanai Kovil Street?

For a 1,000 sq.ft plot valued at Rs 12,00,000, the stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles registrations for Bajanai Kovil Street?

The Gooduvancheri Sub Registrar Office handles registrations for Bajanai Kovil Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

Is there a guideline value for the year 2024 for Bajanai Kovil Street?

No, the register does not have a guideline value figure for Bajanai Kovil Street for the year 2024.