Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Ulunthai village under the Sunguvarchattram SRO, 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. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision where it was reduced to Rs 100 per sq.ft. The 2023 revision brought it back to Rs 150 per sq.ft, and the 2024 revision has maintained this value, showing no change from the previous year.

Looking at the changes, from 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 50% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ulunthai

In Ulunthai, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft, with the median being Rs 150 per sq.ft. Bajanai Kovil Street's 2024 figure aligns with this median.

• Beauty Gardens: Rs 150 per sq.ft (2024)
• Chennai Perambakkam salai: Rs 426 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)
• Gandhi Street: Rs 150 per sq.ft (2024)
• Green Areana: Rs 150 per sq.ft (2024)
• Green Medows: Rs 150 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, the guideline value is Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Ulunthai

The guideline value plays a crucial role in the registration process of property transactions in Ulunthai. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is taken into account to ensure that the correct fees are paid. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 150 per sq.ft in 2023 and 2024, after being Rs 100 per sq.ft in 2017. It was Rs 150 per sq.ft in 2012, showing no overall change from 2012 to 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which office handles property registrations for Bajanai Kovil Street?

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

What is the land classification for Bajanai Kovil Street?

Bajanai Kovil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.