Guideline Value for Viilage Bajanai Kovil Street

Viilage Bajanai Kovil Street guideline value

The current guideline value of Viilage Bajanai Kovil Street is Rs 305 per sq.ft, effective from 1 July 2024. This street is located in Mambakkam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Viilage Bajanai Kovil Street has changed

The guideline value for Viilage Bajanai Kovil Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 305 per sq.ft, which is a significant increase from Rs 200 per sq.ft in the 2023 revision, reflecting a change of +53%. Prior to 2023, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has seen an increase from Rs 200 per sq.ft in 2023 to Rs 305 per sq.ft in 2024. The historical revisions for this street do not provide specific figures for the years mentioned, indicating that the values were not recorded in the register for those periods.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,418 per sq.ft. The median guideline value for these streets is Rs 305 per sq.ft, which is equal to the guideline value of Viilage Bajanai Kovil Street.

• Vinayagar Kovil Street: Rs 275 per sq.ft (2024)
• V.M.R Nagar: Rs 305 per sq.ft (2024)
• VairaKula Street: Rs 305 per sq.ft (2024)
• Uratchimandra Aluvalaga street: Rs 250 per sq.ft (2024)
• TheruVeethiamman Kovil Street: Rs 275 per sq.ft (2024)
• Thabalmedu: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Viilage Bajanai Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 305 per sq.ft, the total guideline value would be Rs 3,05,000. The stamp duty at 7% would amount to Rs 21,350, and the registration fee at 2% would be Rs 6,100, bringing the total fees to Rs 27,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Viilage Bajanai Kovil Street?

The Sub Registrar Office that covers Viilage Bajanai Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Viilage Bajanai Kovil Street?

The current guideline value of Viilage Bajanai Kovil Street is Rs 305 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 200 per sq.ft in 2023 to Rs 305 per sq.ft in 2024, representing a change of +53%.

What is the land classification for Viilage Bajanai Kovil Street?

The land classification for Viilage Bajanai Kovil Street is Residential Class I Type - I.

Where can I find the registration office for this street?

The registration office for Viilage Bajanai Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mambakkam?

The stamp duty for properties in Mambakkam is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 305 per sq.ft incurs a total guideline value of Rs 3,05,000, leading to a stamp duty of Rs 21,350.