Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in Palnalloor village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Bajanai Kovil Street has changed

The guideline value for Bajanai Kovil Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 175 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 117 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value returned to Rs 175 per sq.ft, reflecting a 50% increase from the 2017 figure.

As of the 2024 revision, the guideline value remains at Rs 175 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 471 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Bajanai Kovil Street's 2024 figure below this median.

• Balaji Nagar Part - I: Rs 200 per sq.ft (2024)
• BalaVinayagar Street: Rs 175 per sq.ft (2024)
• Bharathi Nagar: Rs 200 per sq.ft (2024)
• Anumanth Nagar: Rs 200 per sq.ft (2024)
• Annai Therasa Nagar: Rs 175 per sq.ft (2024)
• Colony School Street: Rs 175 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 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total fees together to Rs 15,750. 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 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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Palnalloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations 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 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most notable changes being a drop to Rs 117 per sq.ft in 2017 and a return to Rs 175 per sq.ft in 2023 and 2024.

What is the land classification for Bajanai Kovil Street?

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

Which office handles property registration for Bajanai Kovil Street?

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

How is stamp duty calculated for property in Bajanai Kovil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,75,000, the stamp duty would be Rs 12,250 at 7%.