Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Kanthoor village, under the Sunguvarchattram SRO, and is classified as Residential Class II 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 2012 revision, the value was Rs 180 per sq.ft, which decreased to Rs 121 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft, a figure that remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value increased by only 1%.

Guideline values in Kanthoor

In Kanthoor village, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 181 per sq.ft, which is equal to the current value of Bajanai Kovil Street.

• Bajanai Kovil Cross Street: Rs 150 per sq.ft (2024)
• Baskaran Avenue: Rs 150 per sq.ft (2024)
• Big Street: Rs 150 per sq.ft (2024)
• Biramanar Cross Street: Rs 150 per sq.ft (2024)
• Biramanar Street: Rs 181 per sq.ft (2024)
• Central Grand: Rs 700 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 guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty at 7% would amount to Rs 12,670, and the registration fee at 2% would be Rs 3,620, making the total cost for these fees Rs 16,290. It is essential to note that the stamp 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 detailed calculations.

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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kanthoor. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees.

When a property is registered, the guideline value is used to ensure that the transaction is recorded at a value that reflects the prevailing rates in the area. This helps maintain transparency and fairness in 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 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 181 per sq.ft from 2023 to 2024. It increased from Rs 121 per sq.ft in 2017 to Rs 181 per sq.ft in 2023, marking a 50% increase.

What is the land classification of Bajanai Kovil Street?

Bajanai Kovil Street is classified as Residential Class II Type - I under the current guidelines.

Which office handles property registrations for this street?

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

How is the stamp duty calculated for properties in Kanthoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000, leading to a stamp duty of Rs 12,670.