Guideline Value for Bajanaikoil Street

Bajanaikoil Street guideline value

The current guideline value of Bajanaikoil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village under the Thirukazhukundram SRO, classified as Residential Class III Type - I.

How the guideline value of Bajanaikoil Street has changed

The guideline value for Bajanaikoil Street has seen significant changes over the years. Starting from the 2007 revision, the value was Rs 150 per sq.ft. This increased to Rs 850 per sq.ft in 2012, marking a substantial rise of 467%. However, it then decreased to Rs 569 per sq.ft in 2017, reflecting a drop of 33%. The value surged again to Rs 1,100 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 1,210 per sq.ft, a 10% increase from the previous year. Notably, the register has no figures for Bajanaikoil Street for the years 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 707%. The changes between the revisions highlight the fluctuations in property values over the years, with the most significant increase occurring between 2017 and 2023, which saw a rise of 93%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with the median value being Rs 935 per sq.ft. Bajanaikoil Street's 2024 guideline value of Rs 1,210 per sq.ft is above this median.

• Beach Side Road: Rs 1,210 per sq.ft (2024)
• Anna Nagar V,VI,VII,VII,VIII & IX Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar Mail Road: Rs 935 per sq.ft (2024)
• Anna Nagar 4th Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 3rd Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 2nd Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanaikoil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total cost for these fees to Rs 1,08,900. It is important to note that the 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 Bajanaikoil Street?

The Sub Registrar Office that covers Bajanaikoil Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Mamallapuram. It is used to determine the stamp duty and registration fees that must be paid when buying or selling a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the correct value of the property. This helps maintain transparency and fairness in property dealings, as it provides a standard reference for property values in the area.

Frequently asked questions

What is the current guideline value of Bajanaikoil Street?

The current guideline value of Bajanaikoil Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value of Bajanaikoil Street has increased by 707%, from Rs 150 per sq.ft to Rs 1,210 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value of Bajanaikoil Street in 2017 was Rs 569 per sq.ft.

Which Sub Registrar Office covers Bajanaikoil Street?

The Thirukazhukundram Sub Registrar Office covers Bajanaikoil Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Bajanaikoil Street?

The stamp duty for properties in Bajanaikoil Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 84,700.