Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Koozhangacheri village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bajanai Kovil Street has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The 2024 revision has maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

The register has no figures for the revisions in 2002, 2003, and 2007 for Bajanai Kovil Street.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 226 per sq.ft, indicating that Bajanai Kovil Street's 2024 figure is below this median.

• Bharathi Nagar: Rs 250 per sq.ft (2024)
• Bharathi Nagar Part-I: Rs 250 per sq.ft (2024)
• Aravindha Avenue: Rs 226 per sq.ft (2024)
• Annai Nagar: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 250 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 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 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the 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 details.

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, Caparo Company Opp, 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 Koozhangacheri

The guideline value is a critical factor in the registration process of property transactions in Koozhangacheri. It determines the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 200 per sq.ft in 2023 and 2024. It was Rs 134 per sq.ft in 2017, and Rs 200 per sq.ft in 2012, showing an overall change of 0% from 2012 to 2024.

Which Sub Registrar Office is responsible for Bajanai Kovil Street?

The Sunguvarchattram Sub Registrar Office is responsible for Bajanai Kovil Street, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties in Koozhangacheri. It plays a significant role in calculating the stamp duty and registration fees during property transactions.