Guideline Value for BAJANAI KOIL 1ST LANE

Bajanai Koil 1st Lane guideline value

The current guideline value of Bajanai Koil 1st Lane is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil 1st Lane has changed

The guideline value for Bajanai Koil 1st Lane has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,400 per sq.ft, which increased significantly to Rs 5,300 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, where it was still Rs 5,300 per sq.ft. However, from 2023 to 2024, there was a 9% increase, bringing the current value to Rs 5,800 per sq.ft.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 314%. Notably, there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which is equal to the current value of Bajanai Koil 1st Lane.

• Bajanai Koil 1st Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Cross Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 3rd Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 3rd Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total cost for these fees to Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil 1st Lane?

The Sub Registrar Office that covers Bajanai Koil 1st Lane is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. Buyers and sellers should be aware that the guideline value will influence the overall cost of the transaction, including applicable taxes and fees.

Frequently asked questions

What is the current guideline value of Bajanai Koil 1st Lane?

The current guideline value of Bajanai Koil 1st Lane is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, marking a total increase of 314% over this period.

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

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000, and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which office handles property registrations for Bajanai Koil 1st Lane?

The Kodambakkam Sub Registrar Office handles property registrations for Bajanai Koil 1st Lane, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Bajanai Koil 1st Lane?

Bajanai Koil 1st Lane is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.