Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Puthagaram village under the Ambattur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Bajanai Kovil Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it was reduced to Rs 1,005 per sq.ft, marking a decrease of 33%. The 2023 revision saw a significant increase to Rs 1,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 1,600 per sq.ft, reflecting a 7% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft as of the 2024 revision. The median guideline value in this area is Rs 1,900 per sq.ft, placing Bajanai Kovil Street's current value below the median.

• Balaji Nagar: Rs 1,200 per sq.ft (2024)
• Ayyappan Nagar Annex: Rs 1,900 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,900 per sq.ft (2024)
• Balavinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Balavinayagar Kovil Street(Pelavarai): Rs 2,200 per sq.ft (2024)
• Ashok Avenue: Rs 2,200 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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 Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Puthagaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is important to be aware of the guideline value as it impacts the overall costs involved in the transaction, including the stamp duty and registration fees that are calculated based on this value.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with various fluctuations in between, including a decrease to Rs 1,005 per sq.ft in 2017.

What is the registration office for Bajanai Kovil Street?

The registration office for Bajanai Kovil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty rates for property in Bajanai Kovil Street?

The stamp duty for property in Bajanai Kovil Street is charged at 7% of the guideline value or the sale price, whichever is higher.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum value for registration and the applicable stamp duty and registration fees based on this value.