Guideline Value for Bajanai kovil Street

Bajanai kovil Street guideline value

The current guideline value of Bajanai kovil Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, classified as Residential Class I Type - I.

How the guideline value of Bajanai kovil Street has changed

The guideline value for Bajanai kovil Street has remained consistent at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the value was Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Bajanai kovil Street's 2024 figure of Rs 1,200 per sq.ft is below this median.

• Balaji Street: Rs 2,001 per sq.ft (2024)
• Balarama Naidu Street: Rs 2,001 per sq.ft (2024)
• Avvaiyar Street (Ward 11, Ward 16): Rs 1,200 per sq.ft (2024)
• Bharathidasan Street (Ward 14, 16): Rs 1,500 per sq.ft (2024)
• Bharathiyar Street: Rs 1,500 per sq.ft (2024)
• Arul Nagar: Rs 2,001 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai kovil Street?

The Sub Registrar Office that covers Bajanai kovil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is essential when registering property transactions in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the fees, ensuring that the transaction is in accordance with the local regulations. This value helps maintain transparency and consistency in property dealings within the area.

Frequently asked questions

What is the current guideline value of Bajanai kovil Street?

The current guideline value of Bajanai kovil Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bajanai kovil Street has remained at Rs 1,200 per sq.ft from 2023 to 2024. It increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, marking a 49% increase.

What are the other streets in Gooduvancheri with their guideline values?

Other streets in Gooduvancheri include Balaji Street and Balarama Naidu Street, both at Rs 2,001 per sq.ft, Avvaiyar Street at Rs 1,200 per sq.ft, Bharathidasan Street and Bharathiyar Street at Rs 1,500 per sq.ft, and Arul Nagar at Rs 2,001 per sq.ft.

What are the stamp duty and registration fees for properties on Bajanai kovil Street?

The stamp duty for a property on Bajanai kovil Street is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 1,08,000.

Where is the Sub Registrar Office for Bajanai kovil Street located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.