Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Podavoor village under the Sunguvarchattram SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Bajanai Kovil Street has changed

Over the years, the guideline value for Bajanai Kovil Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft. The 2024 revision has maintained this rate, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Therefore, the guideline value has remained consistent at Rs 300 per sq.ft from 2012 to 2024, with fluctuations observed only in the years in between.

Guideline values in Podavoor

In Podavoor, there are a total of 20 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Bajanai Kovil Street's value above the median.

• Ayyar Street: Rs 181 per sq.ft (2024)
• Anubav Green Rich Village: Rs 600 per sq.ft (2024)
• Anubav Green Land: Rs 600 per sq.ft (2024)
• Chemman Kuttai Street: Rs 181 per sq.ft (2024)
• Ambethkar Street: Rs 181 per sq.ft (2024)
• Detroid Layout: Rs 400 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total cost of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, 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 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 Podavoor

The guideline value is a crucial factor when buying or selling property in Podavoor, as it determines the registration fees and stamp duty applicable during the transaction. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately and fairly. This helps in maintaining transparency in the real estate market within the region.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a drop to Rs 201 per sq.ft in 2017. It then increased back to Rs 300 per sq.ft by 2023.

What are the other streets in Podavoor and their guideline values?

Other streets in Podavoor have varying guideline values, ranging from Rs 181 to Rs 600 per sq.ft. For instance, Ayyar Street is valued at Rs 181 per sq.ft, while Anubav Green Rich Village and Anubav Green Land are both at Rs 600 per sq.ft.

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

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Bajanai Kovil Street?

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