Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

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

How the guideline value of Bajanai Kovil Street has changed

From the 2012 revision, the guideline value for Bajanai Kovil Street has remained at Rs 100 per sq.ft. The 2017 revision saw a decrease to Rs 67 per sq.ft, which was a drop of 33%. However, in the 2023 revision, the value returned to Rs 100 per sq.ft, and there was no change from 2023 to 2024, keeping the rate at Rs 100 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for Bajanai Kovil Street. Overall, from 2012 to 2024, the guideline value has shown an increase of 0%.

Guideline values in Suramanikuppam

In Suramanikuppam, there are four streets under the Sunguvarchattram SRO that carry a 2024 guideline value of Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Bajanai Kovil Street's 2024 figure is equal to this median.

• Perumal Kovil Street: Rs 100 per sq.ft (2024)
• Road Street: Rs 100 per sq.ft (2024)
• Thanthoniamman Kovil 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 guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to 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.

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. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Suramanikuppam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When buying or selling property, it is crucial to be aware of the guideline value, as it can impact the overall cost of the transaction. Buyers should ensure they are informed about the current rates to avoid any surprises 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 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Bajanai Kovil Street has seen a change from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024.

What is the registration office for Bajanai Kovil Street?

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

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

Stamp duty for properties in Bajanai Kovil Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 7,000 at the current guideline value.

Are there other streets in Suramanikuppam with the same guideline value?

Yes, there are other streets in Suramanikuppam that share the same guideline value of Rs 100 per sq.ft for 2024, including Perumal Kovil Street, Road Street, and Thanthoniamman Kovil Street.