Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street, located in Alapakkam 152 village, is Rs 100 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Kovil Street has changed

Over the years, the guideline value for Bajanai Kovil Street has undergone several revisions. The 2012 revision set the value at Rs 80 per sq.ft, which increased to Rs 54 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value saw a significant rise to Rs 100 per sq.ft, marking an 85% increase. The 2023 revision maintained this figure, with no change to the current value of Rs 100 per sq.ft set for 2024.

The register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Alapakkam 152

In Alapakkam 152, four streets under the Sunguvarchattram SRO have a guideline value for 2024 ranging from Rs 100 to Rs 105 per sq.ft, with the median being Rs 100 per sq.ft. Bajanai Kovil Street's 2024 figure aligns with this median.

• Perumal Kovil Street: Rs 100 per sq.ft (2024)
• Road Street: Rs 105 per sq.ft (2024)
• Vadakku Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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?

The Sub Registrar Office that covers Bajanai Kovil 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 details.

How the guideline value is used when you buy or sell in Alapakkam 152

The guideline value is a crucial factor during property transactions in Alapakkam 152, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. 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?

The current guideline value of Bajanai Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remained the same for 2024.

What is the land classification of Bajanai Kovil Street?

Bajanai Kovil Street is classified as Residential Class II Type - I.

Which Sub Registrar Office covers this street?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.