Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Bajanai Kovil Street has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 1,300 per sq.ft, reflecting an 8% change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. The register has no figure for Bajanai Kovil Street for the years 2002, 2003, 2007, and 2012.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which is equal to the 2024 figure for Bajanai Kovil Street.

• Balaji Avenue: Rs 1,300 per sq.ft (2024)
• Balaji Nagar: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Balaji Street: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Bharthidasan Street: Rs 1,300 per sq.ft (2024)
• Balaji Nagar Elango Nagar: Rs 1,300 per sq.ft (2024)
• Auro Elios: Rs 4,478 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Kovil Street?

Bajanai Kovil Street falls under the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in property transactions in 44.Ayanambakkam. It serves as the minimum value for property registration, ensuring that the property is registered at a value that reflects the current market conditions.

When buying or selling property, the guideline value will determine the stamp duty and registration fees applicable. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, reflecting a total increase of 62% over this period.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles registrations for Bajanai Kovil Street?

The Konnur Sub Registrar Office handles registrations for Bajanai Kovil Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, affecting the stamp duty and registration fees that buyers must pay during transactions.