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 5. Athipattu village under the Konnur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Bajanai Kovil Street has changed

The guideline value for Bajanai Kovil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, and this increased to Rs 1,500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,600 per sq.ft, marking a 7% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 59%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions indicate a 49% increase from 2017 to 2023, reflecting the adjustments made in the guideline values over the years.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means Bajanai Kovil Street's 2024 figure is below that median.

• Baba Nagar: Rs 4,400 per sq.ft (2024)
• Ayanampakkam Road: Rs 2,200 per sq.ft (2024)
• Avvaiyar Street: Rs 2,200 per sq.ft (2024)
• Atlantis: Rs 5,339 per sq.ft (2024)
• Athipattu Main Road: Rs 2,200 per sq.ft (2024)
• Athiamaan Street(Chelliamman nagar): 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 amount to 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Kovil Street?

Bajanai Kovil Street falls under the jurisdiction of the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor in the registration process when buying or selling property in 5. Athipattu. It is used to determine the stamp duty and registration fees, which are essential costs associated with property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

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 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and then to Rs 1,600 per sq.ft in 2024. This represents a total increase of 59% from 2017 to 2024.

What are the other streets in 5. Athipattu and their guideline values?

Other streets in 5. Athipattu include Baba Nagar at Rs 4,400 per sq.ft, Ayanampakkam Road at Rs 2,200 per sq.ft, and Avvaiyar Street also at Rs 2,200 per sq.ft, among others. The guideline values for these streets vary significantly.

What fees are associated with buying property in Bajanai Kovil Street?

When buying property in Bajanai Kovil Street, the total fees include stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,44,000.

Where can I find the Sub Registrar Office for Bajanai Kovil Street?

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